HBAR (Hedera Hashgraph) experienced pronounced volatility in the final 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 notable exchange of 15.65 million tokens at 1:31 p.m., indicating strong institutional participation. This decisive volume break pushed the asset beyond its previous resistance range of $0.190 to $0.191, establishing a new technical base amid bullish momentum.
The rise capped a broader 23-hour rally from October 12 to 13, during which HBAR advanced approximately 9% within a range of between $0.17 and $0.19. This sustained upward trajectory was characterized by steady volume inflows and a strong recovery from previous lows near $0.17, underscoring the strong market conviction. The asset’s ability to preserve support above $0.18 throughout the period bolstered confidence among traders 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 a potential follow-through. HBAR’s price structure now shows resilient support between $0.189 and $0.190, indicating the possibility of further upside if momentum persists and overall market conditions remain favorable.
Technical indicators highlight bullish sentiment
- HBAR traded within a bandwidth of $0.017 (9%) spanning $0.174 and $0.191 during the previous 23-hour period from October 12 at 3:00 PM to October 13 at 2:00 PM.
- Significant volume increases reaching 179.54 million and 182.77 million during the 11:00 and 13:00 sessions on October 13 validated the positive market sentiment.
- Critical resistance materialized at thresholds of $0.190-$0.191 where price movements encountered persistent selling activity.
- The $0.183-$0.184 territory established reliable support through volume-backed bounces.
- The extraordinary explosion of volume at 13:31, registering 15.65 million units, signaled a decisive breakout event.
- High volume intervals exceeding 10 million units until 1:35 p.m. corroborated significant institutional commitment.
- The asset retained support above $0.189 despite moderate profit-taking activity.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s full AI policy.
