Hedera’s native token, HBAR, climbed 3% over the past 24 hours, breaking key resistance levels and sustaining upward momentum on rising trading volume. The token moved from $0.22 to $0.23 between October 5 and 6, within a 5.47% intraday volatility range.

HBAR rebounded from lows near $0.21, reaching highs above $0.23 as strong buying activity pushed trading volume past 70 million during peak hours. Volume surged to nearly 55 million, well above its daily average of 39.85 million, signaling renewed market participation and bullish sentiment.

The rally was supported by broader investor demand for alternative assets amid the ongoing U.S. government shutdown. HBAR extended gains in the final hour of trading, adding 0.46% to reach $0.23 even as traditional equities faced pressure from ongoing trade tensions.

Technical Highlights:

• Strong support established at $0.21
• Multiple resistance levels breached, including $0.22 and $0.23
• Peak volume during breakout sessions exceeded 43 million
• Final consolidation near $0.23 with volume tapering to 5.56 million
• Session high achieved at $0.23 with sustained volume above 1.75 million

HBAR’s recovery indicates continued bullish momentum, with technical indicators signaling potential for further short-term upside.