Hedera’s HBAR held a narrow trading range around $0.22 after a surge in institutional activity, signaling steady accumulation by larger market participants and renewed interest from corporate users.
Over a 23‑hour window from Sept. 7 at 09:00 to Sept. 8 at 08:00, HBAR traded inside a tight $0.0042 band—about 2% intraday volatility—between the same $0.22 support and resistance levels. That compact price action reflects a period of relative calm for a token that positions itself for enterprise-grade blockchain use cases.
Market feeds registered a marked jump in liquidity during the afternoon of Sept. 7. Volumes spiked to 67.40 million units at 14:00—well above the 24‑hour average of 27.33 million—after institutional buyers stepped in to shore up the $0.22 level. Minute‑level data also showed consistent purchases above 600,000 units across multiple intervals, with a peak short‑term print of 3.23 million units at 07:35.
Renewed corporate demand surfaced in the early hours of Sept. 8, from about 02:00 onward, contributing to a modest 1% advance by the close at $0.22. Analysts interpret the pattern as growing confidence among enterprises exploring distributed ledger solutions—especially those seeking predictable settlement rails and governance models that suit business workflows.
What traders should watch: technicals show HBAR consolidating in an upward‑sloping channel after establishing $0.22 as technical support. A brief breakout above $0.22 in the session’s closing minutes points to continued institutional accumulation, which could support further upside if sustained by follow‑through buying and broader market strength.
Risk note: tight ranges and institutional-led moves can compress volatility before sharp breaks. Investors should be aware of liquidity shifts, macro headwinds and regulatory developments that can quickly change price direction. This coverage is informational and not investment advice.
Source: CoinDesk. Read the original coverage for full details.
