HBAR rose 2.38% to $0.144 as trading volume increased 59% above its weekly average, boosted by Axelar’s new integration linking Hedera to more than 60 blockchains.
Despite the catalyst, the token lagged the broader market, underperforming the CD5 index by 1.64% as capital rotated into other digital assets. Intraday volatility remained elevated, with a range of $0.0146 and a high of $0.1555 before sellers pushed the price into a descending channel.
Support formed near $0.1410 as late buying stabilized the pullback. Short-term data showed a strong 60-minute reversal that pushed HBAR from $0.1413 to $0.1443 with solid volume, reinforcing the bullish momentum above the recently established support. Still, the broader trend remains strong, defined by the persistent lower highs that have shaped the market since September.
HBAR continues to trade below key EMAs, with the 20-day EMA at $0.155 and higher time frame resistance reinforced by the 50-day and 100-day EMA at $0.174 and $0.189. The macro trend remains bearish; temper optimism around the interoperability gains driven by Axelar. Traders will be watching whether the expansion of cross-chain liquidity can lead to a sustained challenge to structural resistance.
Key technical levels indicate mixed outlook for HBAR
Support/Resistance: Immediate support remains at $0.1410 with resistance at $0.1450; The main ceiling remains at the 20-day EMA at $0.155.
Volume Analysis: 59% increase above weekly average validates price action; The breakout volume of 6.8 million confirms the strength of the reversal attempt.
Chart Patterns: The descending channel dominates the 24-hour structure, while the ascending pattern emerges on the 60-minute period, suggesting a possible reversal.
Targets and Risk/Reward: Next resistance targets the $0.1450-$0.1555 range; a break below $0.1410 triggers a test of $0.125 demand zone.
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