Hedera HBAR Gains 3.85% as Institutional Activity Signals Bullish Momentum
HBAR showed strong resilience during a volatile 23-hour trading session, maintaining a tight range between $0.217129 and $0.225507. The cryptocurrency recovered 2.5% from its intraday lows, closing above the critical midpoint at $0.222759—a technical level that market analysts now interpret as bullish.
Trading volume revealed significant institutional interest, with two explosive spikes occurring in the final hour: 881,924 tokens traded at 13:27, followed by a substantial 1.58 million token surge just before 14:00. This concentrated institutional activity established a solid support floor at $0.2221 while testing resistance at $0.2230.
The price action indicates strategic accumulation patterns. Despite a narrow 0.40% range in the final hour, HBAR maintained consistent positioning above midpoint levels. This precise trading behavior suggests sophisticated investors are building positions, with $0.224358 emerging as the next key resistance level for bullish momentum.