HBAR climbed 2.38% to $0.144 as trading volume surged 59% above its weekly average, driven by Axelar’s new integration that links 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 $0.0146 range and a peak at $0.1555 before sellers pushed 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 robust volume, reinforcing bullish momentum above newly established support. Still, the broader trend remains heavy, defined by persistent lower highs that have shaped the market since September.
HBAR continues to trade below key EMAs, with the 20-day at $0.155 and higher-timeframe resistance reinforced by the 50- and 100-day EMAs at $0.174 and $0.189. The macro trend remains bearish; tempering optimism around Axelar-driven interoperability gains. Traders will be watching whether expanding cross-chain liquidity can spark a sustained challenge of structural resistance.
Key Technical Levels Signal Mixed Outlook for HBAR
Support/Resistance: Immediate support holds at $0.1410 with resistance at $0.1450; major ceiling remains at 20-day EMA $0.155.
Volume Analysis: 59% surge above weekly average validates price action; breakout volume of 6.8M confirms reversal attempt strength.
Chart Patterns: Descending channel dominates 24-hour structure while ascending pattern emerges in 60-minute timeframe, suggesting potential reversal.
Targets & Risk/Reward: Next resistance targets $0.1450-$0.1555 range; break below $0.1410 triggers $0.125 demand zone test.
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.
1 comment
Oh, bless their hearts trying to find light in that HBAR tunnel. Persistent lower highs sound less like a trend and more like a sad dirge. The EMAs are just smirking down there, like We told you so. And Axelar integration? Sounds like adding a really fast runner to a relay race where everyone else is crawling. Tempering optimism? Thats just being politely pessimistic. The charts look like a playground seesaw with HBAR stuck on the downswing. Maybe next week itll finally learn to fly, powered by pure cross-chain wishful thinking! 🚀💸