HBAR Gains 2.37% on Strong Volume, Testing $0.217 Resistance

Hedera’s native token, HBAR, climbed 2.37% over the past 24 hours, with heightened trading volumes reinforcing bullish momentum despite broader market uncertainty.

HBAR traded within a range of $0.2104 to $0.2172, with the most notable surge occurring late on Sept. 28, when the price jumped from $0.2139 to $0.2168 on nearly double the daily average volume. This movement established clear resistance near $0.2172, as total trading activity reached 59.92 million tokens, signaling strong market participation.

Following the upswing, HBAR entered a consolidation phase, stabilizing between $0.2144 and $0.2168 before dipping to $0.2131 midday on Sept. 29. The token quickly rebounded to $0.2160, demonstrating steady demand. Late-session trading saw another bullish push, with HBAR rising from $0.2132 to $0.2164 within an hour, supported by robust volume.

Amid broader market volatility, investors are increasingly eyeing blockchain infrastructure projects like Hedera as potential hedges, contributing to sustained interest in HBAR.

Technical Outlook
HBAR’s 24-hour performance highlights strong bullish momentum. The token advanced from $0.21 to $0.22, marking a 2.37% gain within a 2.78% trading range. Volume spikes during key breakthrough periods around 22:00 and 13:00 UTC reinforced the upward trend despite temporary consolidation phases, underscoring continued market strength.