Hedera's HBAR token has surged approximately 29% from its recent low, reaching around $0.097. The rally has pushed the price above a resistance level near $0.086 that had persisted for months.
HBAR touched a high of $0.099 during the recent session before pulling back slightly. The price remains below the $0.10 level, which it has not closed above in months.
Technical Levels and Volume
Trading volume accompanying the move was higher than the previous day and exceeded levels seen during most days between August and early September. The increased activity suggests stronger buyer participation during the price advance.
The token now trades above both its 200-day moving average, positioned near $0.086, and its shorter-term moving averages. Breaking above the 200-day average represents a shift, as this level had previously acted as a ceiling on price movement.
Key Resistance Points
The $0.10 price level represents the next target for bulls. If HBAR closes above this level, traders may look toward the early June area near $0.109 to $0.11, a region that previously experienced significant selling pressure.
On the downside, $0.09 stands as the first important support level to monitor. The $0.086 level, where the long-term resistance was recently broken, remains a critical support that could determine whether buyers or sellers maintain control. A fall below $0.086 would unwind the recent breakout.
