HBAR Surge Signals Institutional Momentum Despite Late-Session Pullback

HBAR experienced a notable rally, surging 4.62% to $0.188, significantly outperforming the broader crypto market. The trading volume increased by 24.2% above its weekly average, indicating rising institutional interest in the token. This momentum is partly driven by the ISO 20022 compliance deadline ahead of SWIFT's upcoming requirements on November 22. The price action shows HBAR's rise from $0.1736 to $0.1894, with ascending trendlines reflecting solid upward momentum. However, a sharp correction occurred in the market’s final hour, with profit-taking among institutional investors causing the price to retract to $0.1892. Key technical levels indicate support at $0.1880, while resistance remains at the $0.1920-$0.1950 zone. Traders are advised to monitor the $0.1890 level closely as HBAR digests these recent gains.

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