HBAR Rises, Signals Institutional Interest

HBAR experienced a 4.62% rally to $0.188, outperforming the CD5 crypto index by 6.37%, driven by increased institutional interest. Trading volume spiked 24.2% above the weekly average, reinforcing this trend. The surge is partly attributed to the approaching ISO 20022 compliance deadline, essential for SWIFT integration by November 22.

The price action indicated genuine institutional participation rather than retail speculation. HBAR’s outperformance highlighted asset-specific demand catalysts. The token’s price advanced from $0.1736 to $0.1894, forming ascending trendlines and demonstrating solid upward momentum. Volume reached 215.6 million, confirming a breach above the $0.1950 resistance level.

However, a sharp reversal occurred during the final hour as institutional profit-taking triggered a technical correction. Price dropped from a $0.1925 peak to $0.1892, breaking through $0.1911 support and indicating a failed breakout attempt above $0.1920.

The failed breakout resulted in lower highs and bearish intraday channels. Temporary support now rests near $0.1890, a key level for traders to monitor. Key technical levels suggest a mixed outlook for HBAR, with primary support at $0.1880 and resistance at the $0.1920-$0.1950 zone.

Volume analysis confirms institutional flows, while a spike in hourly volume indicates profit-taking. Chart patterns reveal ascending trendlines before a late reversal created a bearish channel structure. A break above $0.1950 targets the $0.200 level, while a failure at $0.1880 risks a decline towards $0.1750.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.