Hbar exchanged with strong volatility on a window from 11 p.m. from September 23 to 24, winning only 0.90% despite large intra -day oscillations. The token varied between $ 0.217 and $ 0.225, with the critical session of 04:00 on September 24, marking a steep drop to $ 0.217 before a solid rebound. This area now acts as support, while $ 0.225 remains firm resistance.
Trading volumes suggest that institutional players intervened during the sale. Turnover reached 97.05 million at 4:00 am, well above the average of 37.89 million, signaling accumulation at lower levels. Later, the sales pressure returned, Hbar going from $ 0.224 to $ 0.223 in the last hour of negotiation on the almost triple volume of the standard.
Volatility has come in parallel with a major development: the Canary Capital deposit for an HBAR Spot ETF with a 1.95%spending ratio. Analysts claim that this decision underlines the institutional recognition of Hashgraph technology from Hedera and could support long-term growth, with price targets of $ 0.50 by 2025-2026 and $ 1.60 or more by 2030.
In the short term, Hbar’s performance depends on the question of whether the support of $ 0.217 to $ 0.218 is valid and if the institutional demand continues to compensate for the sale pressure of approximately $ 0.225.
Technical indicators highlight the support levels
- Support area established at $ 0.217 at $ 0.218 during session
- The resistance ceiling forms almost $ 0.225 throughout the negotiation period
- The volume explosion at 97.05 million at 4:00 am confirms the institutional purchase
- The negotiation range of $ 0.007 represents a volatility of 3.22% on a 23 -hour window
- Last hour volume triple to 1.79 million, signaling of the distribution pressure
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