HBAR Gains 2.5% as the Crypto Market Sees a Post-Thanksgiving Bounce.

Hedera’s HBAR Extends Gains as Institutional Bids Strengthen and Derivatives Turn Bullish

Hedera’s HBAR token advanced sharply on Thursday, lifted by rising institutional participation and a notable shift toward bullish positioning across derivatives markets. The asset climbed from $0.1457 to $0.1494, with trading volumes surging 96% above the 24-hour average. Momentum accelerated around 08:00 GMT as a series of higher lows formed within a tight $0.0054 range, delivering an intraday gain of roughly 3.5%.

HBAR briefly tagged $0.1506 before sellers stepped in, but the $0.1450 support zone continued to hold through multiple retests. Short-term order-flow data showed a rapid burst from $0.1472 to $0.1502, driven by more than 6.17 million in volume processed within a two-minute window—an impulse that likely triggered algorithmic breakout strategies.

With no major fundamental catalysts on the calendar, the move was primarily technically driven, supported by steady accumulation signals and persistent institutional demand. The broader structure of the uptrend remains intact, with traders now watching for a continuation toward the key $0.1510–$0.1520 resistance band. Still, profit-taking near $0.1506 introduces near-term headwinds, placing emphasis on upcoming volume patterns to determine whether larger players are distributing or preparing for another leg higher.

Support/Resistance:

  • Breakout level at $0.1480 now serves as immediate support.
  • First resistance sits at $0.1502, followed by the key $0.1510–$0.1520 target zone.

Volume Profile:

  • Institutional flows peaked at 99.28 million, nearly 96% above the daily average.
  • Accelerated spikes exceeding 6.17 million confirmed active accumulation during the breakout.

Technical Structure:

  • Ascending trendline remains intact with consistent higher lows.
  • Break above $0.1480 validated by strong, exceptional volume.

Targets & Risk Management:

  • Upside targets remain $0.1510–$0.1520.
  • Protective support sits at $0.1450, offering a roughly 2:1 reward-to-risk from current levels.
  • Related Posts

    Dogecoin Restores Bullish Momentum Amid Two-Month Low in Whale Activity

    Retail Investors Drive Dogecoin Rally as Whale Activity Hits Two-Month Low Dogecoin surged past key resistance levels on strong volume, highlighting retail-driven momentum even as whale activity dropped to its…

    Continue reading
    LINK Rallies 7% Following $37M First-Day Inflow Into Grayscale’s Chainlink ETF

    Chainlink (LINK) Surges 7% as Grayscale’s Spot ETF Debuts in U.S. Chainlink’s native token, LINK, rallied 7% over the past 24 hours, outperforming most major cryptocurrencies as U.S. investors gained…

    Continue reading