Hedera HBAR’s Price Swings and Institutional Interest Signal Potential Momentum Shift
HBAR's price fluctuated between $0.244 and $0.259 within 24 hours, showcasing a 6% volatility that drew trader attention. Trading volume spiked to 65.56 million, significantly surpassing the daily average, indicating increased market activity. Support levels strengthened around $0.248-$0.249, while resistance at $0.255-$0.256 prompted profit-taking pullbacks.
Institutional activity and technical accumulation patterns point to a potential momentum shift. HBAR's volatility reflects broader crypto market trends, where altcoins are increasingly responsive to macroeconomic factors and blockchain-specific developments.