HBAR traded with sharp volatility over a 23-hour window from 23 to 24 September and won only 0.90% despite wide intradag swings. The token varied between $ 0.217 and $ 0.225, with the critical 04:00 session on September 24, marking a steep fall to $ 0.217 before a strong rebound. This zone now works as support while $ 0.225 remains firm resistance.
Trade volumes suggest that institutional players entered into sale. Revenue hit 97.05 million at. 04:00, well above average of 37.89 million, signaling at lower levels. Later, the sale of pressure returned where HBAR slid from $ 0.224 to $ 0.223 in the last hour of trade in volume almost tripled the norm.
The volatility came together with a major development: Canary Capital’s archiving for a spot HBBAR ETF with a 1.95% cost ratio. Analysts say the move emphasizes institutional recognition of Hedera’s hash-graph technology and could support long-term growth with a price target of $ 0.50 in 2025–2026 and $ 1.60 or more by 2030.
In the short term, HBAR’s performance is about whether support for $ 0.217– $ 0.218 is holding, and whether institutional demand continues to offset the sales pressure around $ 0.225.
Technical indicators highlight support levels
- Support Zone established for $ 0.217- $ 0.218 during session marks
- Resistance ceiling forms near $ 0.225 throughout the trading period
- Volume explosion to 97.05 million at. 04:00 confirms institutional purchase
- $ 0.007 Trading Range represents 3.22% volatility over 23-hour window
- The last hour volume tripled to 1.79 million, signal distribution pressure
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