HBAR edges higher during the 24 hour period, advancing from $0.1425 to $0.1453 while maintaining disciplined price action within an ascending channel structure.

The token demonstrates steady accumulation patterns rather than speculative momentum. The 52.51% volume increase above its seven-day moving average indicates genuine market participation.

The advance occurs alongside broader crypto market strength. HBAR shows minimal divergence from the CD5 index at just 0.25% relative difference.

Price action establishes a series of higher lows throughout the session. The most significant volume event occurs at 14:00 UTC when 165.32 million tokens trade—138% above the 24 hour simple moving average.

This volume spike accompanies a volatile rejection from resistance near $0.1467. HBAR finds solid support at $0.1427, validating the ascending trendline that originates from $0.1411.

Institutional momentum vs technical resistance: What traders should watch

With Canary Capital's HBAR ETF becoming tradable through Vanguard's brokerage interface, institutional access channels expand significantly while technical levels show measured consolidation.

The timing of this development coincides with HBAR's test of key resistance. Price action remains primarily driven by technical factors rather than immediate news flow.

Georgia's announcement regarding land registry migration to Hedera for real estate tokenization provides fundamental support for the technical advance. Although, it's worth noting that HBAR remains at the mercy of the broader market and if bitcoin and ether begin to retrace Wednesday's rally, pressure will be put on HBAR.

Key Technical Levels Signal Consolidation Breakout Potential for HBAR

• Support/Resistance: Primary support establishes at $0.1427 with resistance cluster near $0.1467; ascending trendline from $0.1411 remains intact.
• Volume Analysis: 165.32 million token spike at resistance test (138% above SMA) follows sustained above-average activity confirming institutional participation.
• Chart Patterns: V-shaped recovery on 60-minute timeframe with breakout above $0.145; ascending channel structure maintains bullish bias with $0.0081 total range.
• Targets & Risk: Immediate upside target at $0.1467 resistance with extension toward $0.148; downside risk limited to $0.1427 support and ascending trendline confluence.

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.