HBAR Rebounds from $0.21 Support; Volume Signals Potential Bullish Continuation
HBAR tested and held critical support at $0.21, then rebounded to $0.22 amid easing sell pressure. The token experienced a 6% intraday swing within a $0.013 trading range, with liquidation volumes peaking above 79 million before declining. This volume pattern suggests bearish momentum is waning and opens the door for a bullish continuation.
Technical analysis shows that resilience at the $0.21 level has preserved near-term upside. Declining volumes on the recovery hint at reduced selling pressure and potential for renewed buying interest. Traders should watch the $0.22 resistance; a clear break above it could confirm further gains.
Fundamentally, Hedera’s expanding enterprise adoption underpins long-term HBAR demand. Partnerships targeting real-world blockchain use cases strengthen the token’s outlook. Projects like Kaspa (KAS) and Remittix also spotlight the broader shift toward scalable, utility-driven networks.
Key takeaways for traders:
- Monitor HBAR support at $0.21 and resistance at $0.22.
- Volume trends indicate diminishing bearish pressure.
- Enterprise partnerships may drive sustained demand.
- A break above $0.22 could trigger the next leg up.
Bullish
HBAR’s successful defense of the $0.21 support level, coupled with a rebound to $0.22 on declining liquidations, signals fading bearish momentum and increases the probability of a bullish continuation. Historically, HBAR has demonstrated sustained rallies after retesting and holding key support, as seen in previous price swings. In the short term, traders should watch for a break above $0.22 to confirm upward momentum and target higher resistance levels. In the longer term, strengthening enterprise adoption by Hedera and strategic partnerships reinforce fundamental demand for HBAR, making the outlook supportive for further gains.