HBAR Gains 3% as Trading Volume Surges Amid Market Volatility
HBAR exhibited a bullish trend, increasing from $0.22 to $0.23 between October 5 and 6. The token experienced 5.47% intraday volatility, rebounding from near $0.21 to surpass previous highs above $0.23.
- The rise was fueled by strong buying activity, with trading volume exceeding 70 million during peak times.
- HBAR increased roughly 3% over 24 hours, as demand for alternative assets grew amid the U.S. government shutdown.
- Trading volume reached nearly 55 million, surpassing the daily average of 39.85 million, indicating renewed market interest.
- A final-hour gain of 0.46% lifted HBAR to $0.23 despite pressure on equity markets from trade disputes.
Technical Indicators Signal Sustained Strength
- Significant support at $0.21 was established with substantial volume confirmation.
- Trading activity of 54.99 million exceeded the average of 39.85 million during recovery.
- Upward momentum continued through resistance levels, notably surpassing $0.22 thresholds.
- Volume participation exceeded 43 million during breakout sessions.
- Final hour volume of 5.56 million suggests consolidation near the $0.23 level.
- Two phases characterized the last hour: initial consolidation around $0.23 followed by a breakout at 13:37.
- Volume spiked to 2.87 million during the breakout, pushing through multiple resistance levels.
- HBAR reached a session high of $0.23 with sustained volume above 1.75 million in the last minutes.