Hedera’s native token, HBAR, showed signs of bullish momentum over the past 24 hours, gaining 3% while weathering moderate market turbulence.
Between September 2 at 15:00 and September 3 at 14:00, the digital asset advanced from $0.22 to finish near session peaks, with its trading range spanning 5% of the period’s low.
The move came as buying activity consistently supported the token at higher levels, signaling resilience in a volatile environment.
Trading dynamics underscored this strength, with volume surging to 69.68 million, far above the 24-hour average of 37.42 million.
Institutional accumulation and extraordinary bursts of activity — including a single spike of 4.87 million — highlighted aggressive positioning above key resistance thresholds.
On a shorter time horizon, HBAR recorded notable intraday volatility. In the hour between 13:29 and 14:28 on September 3, the token rallied from $0.22 to a session high before stabilizing, reflecting classic breakout patterns with ascending lows and persistent momentum.
With support holding above $0.22, traders will be watching closely to see if HBAR can sustain its bullish posture into the next trading period.
HBAR/USD (TradingView)
Technical Indicators Signal Continued Strength
- HBAR formed solid support at $0.21 during opening sessions with substantial volume of 69.68 million, markedly surpassing the 24-hour average of 37.42 million.
- Critical resistance materialized at $0.22, challenged repeatedly during overnight periods with amplified volume, indicating potential breakout development.
- The market structure displayed a textbook accumulation formation with ascending low configuration.
- Volume explosions during bullish movements at 20:00 and 21:00 on September 2nd validated authentic buying momentum rather than speculative activity.
- Exceptional volume bursts reaching 4.87 million at 13:43 confirmed institutional positioning above the pivotal $0.22 resistance threshold.
- The cryptocurrency showcased classic breakout dynamics with ascending low structure and sustained purchasing pressure during upward phases.