HBAR Surges 9% on Institutional Trading Activity and Volume Breakout
HBAR Price Dynamics
- On Oct. 13, HBAR surged from $0.187 to a peak of $0.191, achieving a 2.14% intraday gain.
- The move was fueled by a significant increase in trading activity, with 15.65 million tokens traded at 13:31, indicating strong institutional interest.
- This volume breakout pushed the asset past its previous resistance of $0.190–$0.191, creating a new technical support level amid bullish momentum.
- From Oct. 12 to 13, HBAR advanced approximately 9% within a $0.17–$0.19 range, supported by consistent volume inflows and recovery from lows near $0.17.
- Institutional engagement persisted through high-volume intervals, suggesting accumulation and positioning for potential continuation of upward movement.
- Support is now established around $0.189–$0.190, indicating potential further upside if momentum continues and market conditions remain favorable.
Technical Indicators
- HBAR operated within a 9% bandwidth between $0.174 and $0.191 over 23 hours from Oct. 12 to 13.
- Volume surges reaching 179.54 million and 182.77 million during the Oct. 13 sessions indicated positive sentiment.
- Resistance was encountered at the $0.190-$0.191 range due to selling pressure.
- The $0.183-$0.184 area provided reliable support through volume-supported rebounds.
- A volume explosion at 13:31 with 15.65 million units marked a decisive breakout event.
- High-volume trades exceeding 10 million units by 13:35 highlighted substantial institutional involvement.
- HBAR maintained support above $0.189 despite some profit-taking activities.