HBAR climbed 2.38% to $0.144 as trading volume surged 59% above its weekly average, driven by Acceler’s new integration that connects Hedera to more than 60 blockchains.
Despite the catalyst, the token lagged the broader market, underperforming the CD5 index by 1.64% as capital turned to other digital assets. Intraday volatility remained high with a range of $0.0146 and a peak of $0.1555 before sellers pushed the price into a descending channel.
Support formed near $0.1410 as late session buying stabilized the pullback. Short-term data showed a strong 60-minute reversal, pushing HBAR from $0.1413 to $0.1443 on strong volumes, reinforcing the bullish momentum above the newly established support. Still, the broader trend remains bullish, defined by the consistent lower highs that have shaped the market since September.
HBAR continues to trade below key EMAs, the 20-day at $0.155 and higher-time-frame resistance reinforced by the 50- and 100-day EMAs at $0.174 and $0.189. The macro trend remains bearish; Undermining optimism around Exceller-driven interoperability benefits. Traders will keep an eye on whether the expansion of cross-chain liquidity could lead to a continued challenge of structural resistance.
Key technical levels indicate mixed outlook for HBAR
Support/Resistance: Immediate support remains at $0.1410 and resistance at $0.1450; The key range remains at the 20-day EMA at $0.155.
Volume Analysis: 59% rise above weekly average validates price action; Breakout volume of 6.8M confirms the strength of the reversal attempt.
Chart Pattern: The descending channel dominates the 24-hour structure while the ascending pattern emerges on the 60-minute time frame, indicating a possible reversal.
Targets and Risk/Reward: Next resistance targets $0.1450-$0.1555 range; A break below $0.1410 triggers a test of the $0.125 demand zone.
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