HBAR Surges 4%, Breaks $0.221 Resistance on Strong Volume
HBAR experienced a strong technical performance, advancing from $0.21 to $0.22, with a trading range of 5.7% volatility.
- Firm consolidation at $0.209 on heavy volume before breaking above $0.221 resistance.
- Breakout backed by over 125 million tokens traded, setting a new peak near $0.222, now support around $0.22.
- Final hour saw high-volume push underscoring bullish momentum.
Recent gains are attributed to increased institutional interest, including partnerships with SWIFT, Citi, and Germany’s Bundesbank, and Wyoming's use of HBAR in its Frontier Stablecoin initiative.
- Support established at $0.21; resistance at $0.23.
- Momentum oscillators indicate potential continued upward pressure.
- Strong volume confirmation at key levels suggests market participants support the uptrend.
Technical Indicators Signal Sustained Strength
- Support consolidated at $0.209 with 102.98 million volume during the 17:00 session.
- Broke above $0.221 resistance with 125.71 million units at 08:00.
- Potential continuation towards $0.223 Fibonacci extension level.
- Volume acceleration noted during breakout periods, suggesting bullish continuation.
- Further advancement potential towards $0.225 Fibonacci extension based on current momentum.