HBAR, the native token of the Hedera network, rose to $0.08107 with a 2.94% increase over the past 24 hours. The token’s price fluctuated between $0.07803 and $0.08157 during the latest trading session, nearing its daily high.
HBAR price nears key resistance
HBAR began the session by rebounding from the $0.078 support zone, according to recent market data. After dipping to $0.078 around midday, buyers regained control and propelled the price above $0.080. By the end of the trading session, the token reached $0.08157, close to its recent peak.
Market capitalization for HBAR stands at approximately $3.55 billion, while 24-hour trading volume reached around $95.5 million. The token’s positive momentum brings the $0.082 psychological resistance into focus, as traders look for continued strength to push past this threshold.
HBAR has a circulating supply of about 43.83 billion tokens. Despite the recovery, the current price reflects an 85.76% drop from its all-time high of September 2021, when the token was valued at $0.57.
| Metric | Latest Value | Reference Point |
|---|---|---|
| Price | $0.08107 | Up 2.94% 24h |
| Daily Range | $0.07803 – $0.08157 | Latest session |
| Market Cap | $3.55 billion | |
| All-Time High | $0.57 | Sept 2021 |
| Drawdown from ATH | 85.76% | |
| Total Supply | 43.83 billion |
Bullish momentum builds as CMF turns positive
Technical indicators suggest growing bullish sentiment behind HBAR’s latest price action. Data from TradingView highlights the token’s approach toward the upper end of its Bollinger Bands on intraday charts, with repeated touches at both the lower and upper bands signaling active buying and selling.
The Chaikin Money Flow (CMF) indicator shifted to 0.11, moving out of negative territory, which signals that purchasing volume outweighed selling during the period. CMF continued to rebound throughout the day as HBAR kept building upward momentum. However, the chart still shows intermittent sell signals, creating caution around short-term outlooks above $0.082.
Bollinger Bands are widely used technical indicators that capture volatility and identify overbought or oversold price levels based on standard deviation moves from a moving average.
Mini dictionary: Chaikin Money Flow (CMF), a technical analysis indicator measuring buying and selling pressure by combining price and volume data. Positive values suggest accumulation, while negative readings indicate distribution.
During the session, buyers managed to push HBAR up from its midday low, helping the token retest the $0.081 level and bringing it close to the psychological $0.082 resistance.
Analyst highlights higher-low structure
A recent chart shared by analyst Jesse Olson on X underscores a developing higher-low pattern for HBAR, which indicates a sustained recovery trend. This technical structure shows multiple pullbacks holding above earlier significant lows, supporting a gradual upward movement.
Olson previously identified bullish divergence supporting HBAR’s recent upside. While further gains depend on maintaining the current higher-low structure, he cautions that this analysis represents a technical forecast rather than a guarantee of price continuation.
There is currently a focus on the $0.082 level in the short term, as both the positive CMF trend and higher-low formation point to a possible extension of HBAR’s recovery.
