Hedera HBAR Jumps 7% on Heavy Volume, Challenges Key Resistance Barrier

Hedera HBAR experienced a sharp rally over the past 24 hours, climbing from $0.24 to $0.25 as trading volumes surged to nearly double the daily average. The cryptocurrency established strong support at $0.23 before systematically breaking through multiple resistance levels, with peak momentum occurring between 07:00 and 09:00 UTC as 119 million tokens changed hands.

Institutional accumulation appeared to drive the movement, with late-session selling pressure at $0.25 failing to erase gains. The token's ability to maintain support at this level indicates underlying strength, suggesting potential for additional upside. Technical indicators confirm sustained bullish momentum throughout the trading period.

Market participants are now monitoring whether HBAR can convert the $0.25 resistance level into support, which WOULD open the door for extended price discovery. The combination of elevated volumes and consistent buying pressure presents a constructive technical outlook for the asset.