HBAR posted significant volatility over the 24-hour period ending Oct. 14, swinging nearly 9% as traders navigated sharp market fluctuations.
The token dipped from $0.19 to a low near $0.18 before mounting a late recovery that lifted prices back to the $0.18 zone. The most decisive reversal occurred in the final hour of trading, where HBAR rallied 1% from support, buoyed by a surge in volume that topped 6.3 million trades.
The sharp uptick in activity between 13:37 UTC and 13:46 UTC suggested strong accumulation as investors stepped in at discounted levels. Chart data indicated a clear double-bottom formation within the $0.18 range — a technical signal often associated with bullish reversals.
The breakout that followed pierced short-term resistance levels, hinting at renewed momentum and potential continuation toward higher price targets.
Despite broader market turbulence driven by ongoing geopolitical and trade tensions, HBAR demonstrated resilience.
The rebound underscores persistent institutional interest in blockchain assets, even as traditional markets experience heightened volatility. With buying pressure intensifying and technical indicators flashing recovery signals, HBAR’s recent price action suggests the token may be positioning for additional near-term gains.
Technical Indicators Highlight Market Dynamics
- HBAR formed resistance near $0.20-$0.20 levels before transitioning into sustained downtrend.
- High volume of 174.69 million during 06:00 hour on 14 October validated bearish momentum.
- Double-bottom formation emerged around $0.18-$0.18 support levels.
- Volume surge exceeded 6.30 million during 13:37-13:46 period signaling buying interest.
- Overall range of $0.02 represents substantial 9% swing highlighting heightened volatility.
- Critical support established at $0.18-$0.18 range determining near-term directional bias.
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.
