Hedera’s HBAR token saw a volatile 23-hour stretch between Sept. 10 and 11, swinging in a narrow 5% band between $0.23 and $0.24. The token dipped to its $0.23 support level early in the session before rebounding on heavier-than-usual trading volumes. Daily volume averaged 35.4 million, but activity surged to 156.1 million by midday Sept. 11 as institutional money appeared to flow in, propelling HBAR back toward the $0.24 ceiling.
Despite the rally, HBAR struggled to break through resistance at $0.24, where strong selling pressure emerged. The rejection at this technical level underscored the significance of $0.23 as firm support and $0.24 as a critical barrier for further gains. Analysts note that a close above $0.24 could open the door to a 25% rally toward the $0.25 target, but failure to breach resistance leaves the token range-bound in the $0.21–$0.23 corridor.
Author: CD Analytics
Related Posts ...
Comments are disabled.