HBAR Surge Signals Institutional Momentum Despite Late-Session Pullback
CoinDesk
HBAR rallied significantly, showing institutional interest, but a late reversal indicated short-term volatility and resistance.Summary
HBAR experienced a 4.62% rally to $0.188 on a 24.2% spike in trading volume, suggesting genuine institutional participation rather than retail speculation, as it outperformed the CD5 benchmark. The token demonstrated upward momentum by forming ascending trendlines, successfully breaching the $0.1950 resistance zone. However, the final hour saw a sharp correction due to institutional profit-taking, causing the price to fall from a $0.1925 peak and establishing bearish intraday channels. Key technical levels show primary support at $0.1880, with resistance between $0.1920 and $0.1950; a break above $0.1950 targets the $0.200 level.
(Source：CoinDesk)