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HBAR Swings 6% as Institutional Activity Signals Support and Resistance Levels
Hedera’s token rebounded sharply from overnight lows before retreating on heavy selling, as ETF filings and cross-chain integrations underscored growing institutional engagement.
Updated Aug 15, 2025, 3:28 p.m. Published Aug 15, 2025, 3:26 p.m.
What to know:
- HBAR traded between $0.244 and $0.259 over 24 hours, with key support at $0.248–$0.249 and resistance at $0.255–$0.256.
- Volume spiked to 65.56 million during a recovery rally, suggesting systematic accumulation before profit-taking set in.
- Grayscale’s ETF trust filings and Binance’s cross-chain support highlight institutional adoption despite short-term market turbulence.
HBAR posted sharp price swings over the 24 hours between Aug. 14 at 15:00 and Aug. 15 at 14:00, moving within a $0.015 range, a 6% gap between the day’s high of $0.259 and low of $0.244.
The token faced heavy selling pressure early in the session, bottoming at $0.244 around 21:00 on Aug. 14 before staging a strong rebound to $0.259 by 08:00 the following morning.
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Trading volumes hit 65.56 million during the recovery, well above the 24-hour average, underscoring strong participation.
Key support formed between $0.248 and $0.249, where buyers repeatedly stepped in.
On the upside, resistance solidified at $0.255–$0.256 as sellers intensified distribution. The climb from overnight lows showed solid momentum with volume backing, hinting at systematic accumulation.
However, the subsequent pullback to $0.251 reflected profit-taking near resistance and pointed to potential short-term consolidation.
Broader market sentiment added to the volatility. Grayscale filed for Delaware trust registrations for potential HBAR and Cardano spot ETFs, using a structure familiar from previous crypto investment products.
Meanwhile, Binance expanded BNB Smart Chain functionality to include HBAR and SUI, enabling more efficient cross-chain transactions and increasing retail accessibility. These developments signaled strengthening institutional interest even as near-term price action wavered.
Technical Indicators Synopsis
- Trading range of $0.015 representing 6% differential between $0.259 peak and $0.244 trough during 24-hour period.
- Critical support threshold established at $0.248-$0.249 where buying interest emerged systematically.
- Resistance zone materialised around $0.255-$0.256 where distribution pressure intensified substantially.
- Volume surge to 65.56 million during recovery peak at $0.259 exceeded 24-hour moving average significantly.
- Breakdown below $0.252 support confirmed by elevated volume exceeding 5 million during final trading hour.
- Institutional distribution pattern evident during 13:35-13:45 timeframe with acute price deterioration.
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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