In a notable move following the holidays, the HBAR price recorded a 2.5% increase this Thursday, driven by strong institutional buying activity. According to reports from CD Analytics and Oliver Knight, the token broke through significant technical barriers while trading volumes significantly exceeded the usual daily averages in the cryptocurrency market.
Hard data reveals that the asset pierced the $0.1480 resistance backed by a massive volume surge reaching 99.28 million, representing a 96% spike over the average. During the session, the quote climbed from $0.1457 to an intraday high of $0.1506, subsequently consolidating around $0.1494 following a brief profit-taking period.
On the other hand, this rally did not respond to external fundamental catalysts, but to an internal technical dynamic driven by sustained accumulation patterns. The market structure suggests that “smart money” is actively positioning itself, validating the strength of the bullish trend in the absence of major corporate news or specific macroeconomic events that would justify the initial move.
Furthermore, the technical breakout confirmed the validity of an ascending trendline with higher lows, reinforcing trader confidence. This behavior is typical in phases where institutional liquidity seeks strategic entries, taking advantage of the relative post-holiday calm to execute large-magnitude orders without causing excessive slippage in the digital asset’s price.
Can the asset sustain its momentum towards the $0.1520 zone?
Likewise, the analysis of derivatives flows indicates bullish positioning across multiple timeframes, with critical support firmly established at $0.1450. It is notable how, during a two-minute window, more than 6.17 million in buy volume was injected, which likely triggered automated trading algorithms and accelerated the price breakout in the short term.
Finally, with the $0.1480 level now acting as primary support, traders are keeping their eyes on the target range of $0.1510 to $0.1520. If institutional participation continues and there is no aggressive distribution, the asset of this blockchain could extend its gains, offering a favorable 2:1 risk-reward ratio for investors watching the trend continuity.
