Hedera HBAR Jumps 4.4% as Institutional Demand Shatters Key Resistance Level

HBAR experienced a significant rally over the past 24 hours, climbing 4.4% as institutional buying pressure overwhelmed resistance at $0.228. The cryptocurrency surged from $0.22 to $0.23 between September 8-9, supported by trading volumes that more than doubled the daily average. Momentum accelerated throughout the morning session, reaching a peak of $0.2335 before profit-taking trimmed gains.

Technical indicators confirmed accumulation patterns, with higher lows at $0.2217 and $0.2246 preceding the breakout. The 13:00 hour witnessed volume spike to 91.65 million tokens—significantly above the 40.85 million average—as large institutional buyers dominated order flow. Market structure indicated sustained institutional accumulation rather than speculative trading activity.

Gains proved temporary however. A late-session reversal saw HBAR decline 0.32% as concentrated selling between 09:40-09:53 triggered profit-taking. The pullback underscores the ongoing tension between bullish institutional momentum and short-term profit realization among major holders.