HBAR Climbs on Strong Volume, Testing Resistance Near $0.217
Hedera's native token HBAR has demonstrated a notable increase, gaining 2.37% in value over a 24-hour period, amidst rising trading volumes that confirm a bullish market sentiment. The token fluctuated between $0.2104 and $0.2172, with a significant rally noted late on September 28, where HBAR surged from $0.2139 to $0.2168 on volumes nearly double its daily average. This surge established clear resistance at $0.2172, marking a solid trading volume of 59.92 million tokens, indicating heightened participation from investors. Following this spike, HBAR saw a consolidation phase, stabilizing between $0.2144 and $0.2168. An encouraging rebound occurred from a support level of $0.2131, reflecting strong demand for the asset. The token's resistance levels and price movements suggest increased interest in blockchain infrastructure, as investors seek alternatives amid broader market volatility.
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