Institutional Support Emerges at Critical Levels
Hedera (HBAR) faced a volatile trading session as the token plunged more than 6% intraday, only to stage a swift rebound from a key support zone. The move underscores both the fragility of market sentiment and the strength of institutional demand that continues to provide a floor for the asset.
The 4-hour chart shows HBAR dipping to $0.223, touching the lower end of the green support band between $0.222–$0.225. This zone has consistently acted as a strong accumulation region since July. The bounce from this area pushed HBAR back to $0.236, signaling renewed buying interest.
On the upside, immediate resistance lies near $0.265–$0.280, highlighted by the red supply zone. A breakout above this level could clear the way toward $0.300, while failure to sustain momentum may result in further consolidation around the $0.230 range.
The chart also reflects how HBAR broke out of a descending channel pattern in July, which shifted the market structure in favor of bulls. The recent recovery suggests this bullish structure remains intact despite short-term volatility.
“HBAR has demonstrated impressive resilience despite broader weakness in altcoins,” BITX market strategist explained. “The ability to hold $0.222 as a base shows institutional players are stepping in to defend key levels.”
For traders, the $0.225 support remains the critical zone to watch. A successful defense of this level could reinforce bullish sentiment, while a sustained rally above $0.265 would likely confirm renewed upward momentum.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.