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HBAR Holds $0.21 Support as Volume Patterns Hint at Bullish Continuation

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HBAR saw heightened volatility over the 24-hour period from Sept. 1, 09:00 to Sept. 2, 08:00, trading within a $0.013 range that marked a 6% intraday swing between $0.21 and $0.22.

The token initially slipped from $0.22 down to support at $0.21, weighed by a surge in liquidation volumes that spiked above 79 million. However, as selling pressure subsided, HBAR mounted a recovery, closing the session back near the $0.22 level.

Market activity suggested that bearish momentum lost steam once the $0.21 level was tested, with declining volumes on the rebound signaling a potential shift toward sustained upward momentum.

The trading action underscores a near-term technical structure where resilience at key support levels has kept bullish prospects intact.

The emphasis on real-world applications is positioning Hedera and other enterprise-focused blockchains at the forefront of investor attention. Alongside Hedera, projects such as Kaspa and Remittix are building momentum by targeting scalability and cross-border payments, respectively.

With payments innovation resurging as a driver of crypto adoption, Hedera’s corporate alliances and technological architecture put it in a strong position to benefit from the market’s pivot toward utility-driven blockchain infrastructure.

HBAR/USD (TradingView)

Technical Indicators Assessment

  • Trading bandwidth of $0.013 representing 6 per cent differential from session nadir of $0.21 to apex of $0.22.
  • Volume surges exceeding 79 million during initial decline phase.
  • Critical support threshold examined near $0.21 before recuperation.
  • Diminishing liquidation pressure in concluding trading hours.
  • Recovery momentum elevating prices towards $0.22 resistance.
  • Exhaustion of bearish impetus indicated by volume patterns.

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.

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