HBAR Climbs 4.4% After Breaking Key Resistance Level
HBAR Price Movement
- HBAR increased by 4.4%, rising from $0.22 to $0.23 between September 8 and 9.
- Trading volume peaked at 91.65 million, more than double the daily average of 40.85 million.
- Technical indicators showed higher lows at $0.2217 and $0.2246 before breaking resistance at $0.2280.
- Prices reached an intraday high of $0.2335 during morning trading sessions.
- A late-session reversal saw HBAR drop 0.32% to $0.233 due to profit-taking.
- Significant selling activity was noted with volumes of 1.97 million and 2.28 million tokens.
- Resistance near $0.234 remains a critical level for future movements.
Technical Indicators Analysis
- Price Action: Higher lows confirm upward trend.
- Volume Analysis: Significant peak in trading volume.
- Resistance Breakout: Successful breach of key resistance level.
- Momentum Acceleration: Strong price movement observed in the morning hours.
- Reversal Signals: Increased volume indicates profit-taking activity.