HBAR showed renewed buying interest over a 24‑hour stretch, with volume surging and price testing key resistance near $0.22. The token gained about 3% as buyers stepped in, leaving market participants watching for a confirmed breakout.
Between Sept. 2 (15:00) and Sept. 3 (14:00), HBAR climbed from $0.22 to finish near the session high after trading within a 5% intraday range. Trading volume for that period reached 69.68 million, roughly 86% above the 24‑hour average of 37.42 million — a sign that activity was materially heavier than normal.
Institutional-sized flows appear to have contributed to the move: the session included a notable single-volume spike of 4.87 million and concentrated buying during evening hours that validated the upward push. Shorter-term action between 13:29 and 14:28 on Sept. 3 featured a rapid rally from $0.22 to the session peak, then consolidation — a pattern traders often read as a classic breakout with ascending lows.
Technically, support has held near $0.21 while resistance clustered at $0.22. Repeated tests of that resistance on higher-than-normal volume increase the odds of a successful breakout, but they do not guarantee follow-through. The market structure — ascending lows combined with bursts of volume at key times — aligns with an accumulation phase rather than a speculative spike.
What this means for traders: if HBAR stays above the recent support band and volume remains elevated, the path higher gains credibility. Conversely, a failure to hold $0.21 or a reversion on declining volume would argue against bullish continuation. Risk-conscious traders should watch stop levels, manage position sizes, and avoid assuming institutional interest guarantees sustained gains.
In short, current price and volume dynamics suggest genuine buying pressure, potentially from larger market participants, as HBAR challenges short-term resistance. However, persistent volatility in crypto markets means outcomes can change quickly.
Source: CoinDesk. Read the original coverage for full details.
