HBAR experienced a notable increase of 3.85% during a tumultuous 23-hour trading period spanning from September 22 at 15:00 to September 23 at 14:00. The cryptocurrency navigated a narrow price range, fluctuating between $0.217129 and $0.225507 through the session. Initially, the market had a bearish start, with prices dropping sharply to $0.217408. However, robust buying interest emerged, driving a recovery in momentum.
The rebound was fueled by solid support at the $0.217129 threshold, which coincided with a significant surge in trading volume. Following the initial selloff, buyers rallied, pushing HBAR to a peak just under the resistance level of $0.225507. Despite this upward momentum, traders faced resistance around $0.224358, which limited further gains at that time. By the end of the session, HBAR closed at $0.222759, reflecting a 2.5% recovery from its lowest intraday level. This closing price suggests a positive outlook for HBAR as it established a position above the midpoint of the trading range.
In the final hour of trading, optimism was further amplified as HBAR managed to secure a slight gain of 0.06% within a highly controlled 60-minute interval ending at 14:08 on September 23. During this timeframe, the token traded within a tight 0.40% range between $0.2221 and $0.2230. This consolidation phase not only reflected stabilization but also indicated a sign of strength, with prices consistently remaining above the session midpoint levels.
The volume during this hour also indicated heightened market activity, with notable spikes recorded. An earlier breakout at 13:27 increased trading volumes to 881,924 tokens. This number surged dramatically to 1.58 million tokens just before the close, underscoring increased participation among traders and reinforcing support at the $0.2221 mark. While $0.2230 remained a barrier to immediate upward movement, the sustained interest signaled accumulation rather than a market exhausted by buying pressure.
Overall, HBAR’s late-session performance reflects a broader upward recovery that has been ongoing for 23 hours. The bullish sentiment was supported by solid backing from buyers, with key support levels remaining intact and prices ultimately closing near the upper limit of the trading range. The persistent bid tone in the market hints at continued bullish momentum as traders await potential breakouts above short-term resistance levels.
This latest spike in HBAR’s price can be attributed largely to increased institutional buying activity, highlighting a growing interest among larger investors which often signals confidence in the asset’s potential. As market players monitor HBAR’s performance closely, they remain vigilant for signs indicating the possibility of further upward movements.
With the cryptocurrency landscape continuing to evolve, HBAR appears poised to capture attention in the ensuing trading sessions, as both retail and institutional investors keep their eyes on developing trends.
