HBAR (Hedera Hashgraph) skilled pronounced volatility within the remaining hour of buying and selling on Oct. 13, hovering from $0.187 to a peak of $0.191—a 2.14% intraday achieve—earlier than consolidating round $0.190.
The transfer was pushed by a dramatic surge in buying and selling exercise, with a standout 15.65 million tokens exchanged at 13:31, signaling sturdy institutional participation. This decisive quantity breakout propelled the asset past its prior resistance vary of $0.190–$0.191, establishing a brand new technical footing amid bullish momentum.
The surge capped a broader 23-hour rally from Oct. 12 to 13, throughout which HBAR superior roughly 9% inside a $0.17–$0.19 bandwidth. This sustained upward trajectory was characterised by constant quantity inflows and a agency restoration from earlier lows close to $0.17, underscoring sturdy market conviction. The asset’s means to protect help above $0.18 all through the interval strengthened confidence amongst merchants eyeing continued bullish motion.
Sturdy institutional engagement was evident as consecutive high-volume intervals prolonged by the breakout window, suggesting renewed accumulation and positioning for potential continuation. HBAR’s value construction now exhibits resilient help round $0.189–$0.190, signaling the opportunity of additional upside if momentum persists and broader market circumstances stay favorable.
Technical Indicators Spotlight Bullish Sentiment
- HBAR operated inside a $0.017 bandwidth (9%) spanning $0.174 and $0.191 all through the earlier 23-hour interval from 12 October 15:00 to 13 October 14:00.
- Substantial quantity surges reaching 179.54 million and 182.77 million throughout 11:00 and 13:00 classes on 13 October validated optimistic market sentiment.
- Crucial resistance materialized at $0.190-$0.191 thresholds the place value actions encountered persistent promoting exercise.
- The $0.183-$0.184 territory established reliable help by volume-supported bounces.
- Extraordinary quantity explosion at 13:31 registering 15.65 million models signaled decisive breakout occasion.
- Excessive-volume intervals surpassing 10 million models by 13:35 substantiated vital institutional engagement.
- Asset preserved help above $0.189 regardless of average profit-taking exercise.
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 info, see CoinDesk’s full AI Coverage.