“Hedera’s Native Token Climbed 3% Over The Past 24 Hours, Breaking Key Resistance Levels and Sustaining Momentum on Surging Volume”, – WRITE: www.coindesk.com
The token Rebounded from Lows Near $ 0.21 to Post Higher Highs Above $ 0.23, Driven by Strong Buying Activity That Pusted Trading Volume Past 70 Million Durying Peak Hours.
The Cryptocurrency Climbed Roughly 3% Over The 24-Hur Windows, Extending Gains As The US Government Shutdown Fueled Investor Demand for Alternative Assets.
Trading Volume Surged to Nearly 55 Million, Well Above Its 39.85 Million Daily Average, Signaling Renewed Market Participation and Optimism AROUND HBAR’S SHORT-TRAJECTORY.
Additional Upside Momentum Was Recorded in the Final Hour of the Session, with A 0.46% Gain Lifting Hbar to $ 0.23 Even As Traditional Equity Markets Came Under Pressure.
HBAR/USD (TradingView)
Technical Indicators Signal Sustaned Strenguth
- HBAR ESTABLISHED FORMIDABLE SUPPORT AT $ 0.21 Dringing 5 October Evening Hours with Substantial Volume Confirmation.
- Trading Activity of 54.99 Million Exceed The 24-Hour Average of 39.85 Million Througout the Recovery.
- The Cryptocurrency Demonstrated Sustaned Upward Momentum Through Multiple Resistance Breaches, Notably Surpassing $ 0.22 and $ 0.22 Thresholds.
- Robust Volume Participation Exceeded 43 Million During Pivotal Breakout Sessions.
- The Final Hour’s Diminized Volume of 5.56 Million Suggests Consolidation Proximate to the $ 0.23 Apex.
- Two Distinct Phases Characterized the Concluding Hour: Initial Consolidation Around $ 0.23 Support SucCened by Decisive Breakout Surge Commening at 13:37.
- Volume Spiked to 2.87 Million During the Breakout, Propelling Price Through Multiple Resistance Levels Including $ 0.23 and $ 0.23.
- HBAR ACHIEved ITS Session Zenith of $ 0.23 with Sustaned Volume Above 1.75 Million During the 13: 57-14: 06 Window.
Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
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Bitcoin’s Breakout Suggests Further Upside Above $ 130,000, But A Pullback to $ 118,000 Remain Possible, Deribit’s CCO SAID.
- Bitcoin Hit Another New Record of $ 126,223 On Monday, While Eth Climbed to A Three-Week High.
- Galaxy and BTC MINers Led Gains Among Crypto Stocks.
- Strong etf inflows, Supple Squeze and Safe-Haven Demand Amid Government Shutdown Concerns Fuelly The Rally, Deribit Cco Jean-David Péquignot Said.
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