HBAR Surges 3.85% in Volatile Session as Institutional Buying Emerges

HBAR saw a volatile 23-hour stretch between Sept. 22 at 15:00 and Sept. 23 at 14:00, with the token trading in a narrow band between $0.217129 and $0.225507. The session opened with a sharp selloff that dragged prices to $0.217408 before heavy buying activity restored momentum.

That rebound was reinforced by strong support at the $0.217129 level, as trading volume surged. Bulls then pushed prices to a peak just shy of $0.225507, though resistance emerged near $0.224358, capping further upside. By session’s end, HBAR closed at $0.222759, marking a 2.5% recovery from intraday lows and establishing a position above the range midpoint, signaling a bullish bias heading into the next phase of trading.

The final hour of the session added another layer of optimism. HBAR posted a modest 0.06% gain in the tightly concentrated 60-minute window ending Sept. 23 at 14:08, trading within a constricted 0.40% range between $0.2221 and $0.2230. That narrow band reflected consolidation but also demonstrated underlying strength, as prices remained consistently above session midpoint levels.

During this hour, volume spikes highlighted the intensity of market activity. A breakout at 13:27 drove turnover to 881,924 tokens, followed by an exceptional surge to 1.58 million tokens just before 14:00. Those bursts of participation helped reinforce support at $0.2221, while $0.2230 capped immediate upside efforts. Despite the constrained range, sustained demand suggested accumulation rather than exhaustion.

Overall, the late-session performance extended HBAR’s broader 23-hour recovery trend. Bulls maintained control, with firm support levels intact and prices closing near the upper end of the range. The steady bid tone indicates continued bullish momentum heading into the next session, keeping market participants on watch for a potential breakout above short-term resistance.

HBAR/USD (TradingView)

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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