In a dynamic trading session, HBAR, the native token of the Hedera network, experienced a significant surge of 3.85% over a turbulent 23-hour period from September 22, 15:00 to September 23, 14:00. The digital asset fluctuated within a tight range between $0.217129 and $0.225507, illustrating a notable level of market activity.
The session commenced with a sharp decline, dragging HBAR’s value down to $0.217408. This initial sell-off, however, was met with strong buying pressure, which quickly helped to revive market momentum. Key support was observed at the $0.217129 mark, which served as a foundation for the subsequent rally. The resurgence allowed bulls to push HBAR’s price to a high of nearly $0.225507, although resistance became evident near $0.224358, preventing any further upward movement.
By the conclusion of the session, HBAR settled at $0.222759, reflecting a substantial recovery of 2.5% from the day’s lowest levels. Notably, this closing price places HBAR above the midpoint of its trading range, indicating a bullish sentiment as traders looked towards upcoming market movements.
The final hour of trading added a further layer of optimism, as HBAR registered a small gain of 0.06%. Throughout this concentrated period, which ended at 14:08 on September 23, the token remained in a narrow range of just 0.40% between $0.2221 and $0.2230. This stability not only exemplified market consolidation but also indicated underlying bullish strength, with prices consistently staying above the session’s midpoint.
Volume during this hour was particularly noteworthy, showcasing the increased engagement of market participants. A breakout registered at 13:27 saw a turnover of 881,924 tokens, followed by a remarkable spike to 1.58 million tokens immediately prior to 14:00. Such heightened trading activity underpinned the support at $0.2221, while the $0.2230 mark acted as a ceiling for immediate gains. Despite operating within a restricted range, the ongoing demand suggests an environment of accumulation rather than market fatigue.
In summary, HBAR’s late-session performance contributed to an overall recovery trend that has extended through the previous 23 hours. Bulls have maintained their grip on the market, demonstrating that the support levels remain robust, with the closing price positioned close to the high end of the trading range. This sustained bullish atmosphere indicates traders are poised for a potential breakout above short-term resistance levels moving forward.
As HBAR continues to garner attention, especially from institutional investors, market participants remain vigilant, keeping an eye on potential trends that could influence future trading sessions.
