by Coinstrooper Crypto Articles
Quick Take
  • HBAR displayed notable resilience in the past 24-hour trading window, oscillating within a narrow range of $0.2104 to $0.2172.
  • The most significant movement emerged late on Sept.
  • 28, when the token surged from $0.2139 to $0.2168 on volume nearly double the daily average.
  • This sharp rise established clear resistance near $0.2172 as trading activity spiked to 59.92 million tokens, underscoring heightened market participation.

What Happened

The rally comes against a backdrop of heightened market uncertainty, where digital assets like HBAR have attracted institutional attention. Investors continue to gravitate toward blockchain infrastructure projects, such as Hedera, as potential hedges amid volatility in traditional financial markets.

Market Context

HBAR displayed notable resilience in the past 24-hour trading window, oscillating within a narrow range of $0.2104 to $0.2172. The most significant movement emerged late on Sept. 28, when the token surged from $0.2139 to $0.2168 on volume nearly double the daily average. This sharp rise established clear resistance near $0.2172 as trading activity spiked to 59.92 million tokens, underscoring heightened market participation.

Following this upswing, HBAR entered a consolidation phase, stabilizing between $0.2144 and $0.2168 before retreating to $0.2131 by midday Sept. 29. The asset found reliable support at that level, subsequently rebounding to $0.2160, highlighting steady demand. Late-session activity saw another bullish burst, with prices climbing from $0.2132 to $0.2164 within an hour, supported by strong volume flows that reinforced momentum.

The overall trading range encompassed $0.01 (2.78%) between the absolute minimum of $0.21 and maximum of $0.22.

Notable volume surges during critical breakthrough periods at 22:00 and 13:00 hours reinforced the sustained upward trajectory despite periodic consolidation phases.

Why It Matters

HBAR exhibited considerable bullish momentum throughout the preceding 24-hour period from 28 September 15:00 to 29 September 14:00, advancing from $0.21 to $0.22 representing a 2.37% appreciation.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.