HBAR Surge Signals Institutional Momentum Despite Late-Session Pullback

HBAR experienced a notable 4.62% increase, reaching $0.188, outperforming the CD5 crypto index by 6.37%. Trading volume surged 24.2% above the weekly average, indicating growing institutional interest in the token. The compliance deadline for ISO 20022 is driving demand as firms prepare for SWIFT's November 22 requirements. Though HBAR showed a solid upward trend with increasing support near $0.1880, a late-session reversal saw prices drop from a peak of $0.1925, breaking through key support levels. This profit-taking by institutions emphasized emerging resistance and short-term volatility, creating a bearish intraday channel. Traders are advised to monitor the $0.1890 level closely for further movements as the market adjusts to these fluctuations.

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