Hedera Hashgraph breaks through $0.19 resistance as traders eye renewed accumulation
After enduring one of the most volatile weeks in recent memory, Hedera Hashgraph (HBAR) has made a decisive technical rebound, breaking above the $0.19 resistance level amid a surge in trading activity. The move follows a steep sell-off earlier in October, when HBAR briefly collapsed toward $0.08, marking one of its sharpest intraday declines of the year.
The token has since rebounded by more than 9%, signaling what analysts describe as a potential shift in market sentiment. The breakout above the $0.18–$0.19 zone, which previously acted as a strong supply region, has now turned into a key support base, suggesting accumulation by larger market participants.
“When assets recover with such intensity after an extreme drop, it often reflects institutional absorption of liquidity rather than retail speculation,” According to BITX market analysts. “HBAR’s reclaim of the $0.19 threshold is technically significant — it reopens a path toward $0.22 and possibly $0.26 if momentum continues.”
Technical Structure Points to Recovery Potential
Chart data shows HBAR’s sharp bounce coincided with a notable spike in trading volume, indicating renewed interest and aggressive bottom buying. The price structure now mirrors a V-shaped recovery, with the asset holding firmly within a green demand zone that stretches between $0.16 and $0.19.
BITX Analysts highlight that sustaining above $0.19 could validate a short-term trend reversal, while a close above $0.21 may attract further momentum-driven traders. On the downside, any breach below $0.17 could expose HBAR to a retest of lower support levels.
The recovery comes amid broader crypto market turbulence, following a $20 billion liquidation event that rocked altcoins across the board. Yet, HBAR’s sharp bounce underscores resilience, separating it from weaker peers.
With bullish volume confirmation and a reclaimed resistance zone, HBAR is positioning itself as one of the stronger Layer-1 performers in the post-crash environment.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.