HBAR (Hedera Hashgraph) saw pronounced volatility during the last hour of trading on October 13, rising from $0.187 to a high of $0.191 – an intraday gain of 2.14% – before consolidating around $0.190.
The move was driven by a dramatic increase in trading activity, with a remarkable 15.65 million tokens traded as of 1:31 p.m., signaling strong institutional participation. This decisive breakout in volume propelled the asset beyond its previous resistance range of $0.190 to $0.191, establishing a new technical base amid a bullish backdrop.
This rise capped a broader 23-hour rally from October 12-13, during which HBAR advanced approximately 9% in a range of $0.17 to $0.19. This sustained upward trajectory was characterized by consistent volume entries and a strong recovery from previous lows near $0.17, highlighting strong market conviction. The asset’s ability to maintain support above $0.18 throughout the period boosted the confidence of traders who were eyeing continued bullish action.
Strong institutional commitment was evident as consecutive intervals of high volume extended throughout the breakout window, suggesting renewed accumulation and positioning for potential continuation. HBAR price structure now shows resilient support around $0.189 to $0.190, signaling the possibility of further upside if momentum persists and overall market conditions remain favorable.
Technical Indicators Highlight Bullish Sentiment
- HBAR operated within a bandwidth of $0.017 (9%), ranging from $0.174 to $0.191 in the previous 23-hour period from October 12 at 3:00 p.m. to October 13 at 2:00 p.m.
- Substantial volume increases reaching 179.54 million and 182.77 million during the 11:00 a.m. and 1:00 p.m. sessions on October 13 validated the positive market sentiment.
- Critical resistance materialized at the $0.190 to $0.191 levels where price movements encountered persistent selling activity.
- The $0.183 to $0.184 area established reliable support through volume-backed rebounds.
- An extraordinary volume explosion at 1:31 p.m., recording 15.65 million units, marked a watershed event.
- High volume intervals exceeding 10 million units through 1:35 p.m. demonstrated significant institutional commitment.
- The asset held above support at $0.189 despite moderate profit-taking activity.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team for accuracy and compliance. our standards. For more information, see CoinDesk Comprehensive AI Policy.
