Hedera’s native token, HBAR, confirmed indicators of bullish momentum over the previous 24 hours, gaining 3% whereas weathering reasonable market turbulence.
Between September 2 at 15:00 and September 3 at 14:00, the digital asset superior from $0.22 to complete close to session peaks, with its buying and selling vary spanning 5% of the interval’s low.
The transfer got here as shopping for exercise constantly supported the token at increased ranges, signaling resilience in a unstable atmosphere.
Buying and selling dynamics underscored this power, with quantity surging to 69.68 million, far above the 24-hour common of 37.42 million.
Institutional accumulation and extraordinary bursts of exercise — together with a single spike of 4.87 million — highlighted aggressive positioning above key resistance thresholds.
On a shorter time horizon, HBAR recorded notable intraday volatility. Within the hour between 13:29 and 14:28 on September 3, the token rallied from $0.22 to a session excessive earlier than stabilizing, reflecting traditional breakout patterns with ascending lows and chronic momentum.
With assist holding above $0.22, merchants can be watching carefully to see if HBAR can maintain its bullish posture into the subsequent buying and selling interval.
Technical Indicators Sign Continued Energy
- HBAR shaped strong assist at $0.21 throughout opening periods with substantial quantity of 69.68 million, markedly surpassing the 24-hour common of 37.42 million.
- Important resistance materialized at $0.22, challenged repeatedly throughout in a single day durations with amplified quantity, indicating potential breakout growth.
- The market construction displayed a textbook accumulation formation with ascending low configuration.
- Quantity explosions throughout bullish actions at 20:00 and 21:00 on September 2nd validated genuine shopping for momentum somewhat than speculative exercise.
- Distinctive quantity bursts reaching 4.87 million at 13:43 confirmed institutional positioning above the pivotal $0.22 resistance threshold.
- The cryptocurrency showcased traditional breakout dynamics with ascending low construction and sustained buying stress throughout upward phases.
Disclaimer: Elements of this text had been generated with the help from AI instruments and reviewed by our editorial workforce to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Coverage.