HBAR Price Climbs 3% as Bulls Defend Higher Low and Test $0.082 Level

Market data shows HBAR at $0.08107, up 2.94% over 24 hours. During the session, the token was trading between $0.07803 and $0.08157.

HBAR also had a market cap of approximately $3.55 billion. The 24-hour trading volume reported was around $95.50 million. The recent action brings the price near its daily high. Meanwhile, separate technical charts indicate that money flow is improving and a higher-low formation is being developed.

HBAR Pushes Back Toward $0.082

HBAR appears to be recovering well as it bounced off the $0.078 price level earlier in the session, as can be seen on the BraveNewCoin chart.

Price rose and fell about $0.079 before heading down to $0.078 around midday. HBAR was then pushed up by buyers in the second half of the session.

The transaction pushed the price up to $0.080 and then to $0.081. HBAR ended the session up $0.08157 from the previous session’s level.

This leaves $0.082 as the closest psychological level they can see. Price must maintain its current gains to put pressure on that region.

The negative side is that the price of the market data at $0.07803 is the lowest point achieved in 24 hours, and the information is derived from the BraveNewCoin data.

The total supply of HBAR is about 43.83 billion tokens. The token is currently valued at $0.57, with an 85.76% drop from its all-time high of September 2021.

CMF Turns Positive as Bollinger Momentum Builds

Meanwhile, the price rally seems to be accompanied by increasing momentum, as indicated by the TradingView chart on the intraday timeframe.

HBAR has been trading from a low of $0.079 and is moving towards about $0.082 at the close of the chart.

The Bollinger Bands are constantly touching the price in the move. There are a number of lower band signals that are seen during pullbacks, after which there are fresh advances. Source: TradingView

Later on at a trading show, HBAR has been converging towards the upper Bollinger Band. The move is better than the previous session’s price action.

The Chaikin Money Flow indicator on the chart is at 0.11. A positive reading indicates that more people were buying the product during the period than selling it.

CMF also bounced back from subdued readings on the day. The move came as HBAR was continuing to build up its intraday price.

The chart still has a number of sell signals in the upper band in the advance. It keeps the short-term outlook on keeping the price at $0.082, instead of just keeping an eye on it.

Higher-Low Structure Shapes the Broader HBAR Setup

Another analyst chart Jesse Olson shared on X highlights HBAR’s overall structure.

This chart shows a solid recovery from an earlier low, with multiple pullbacks that have stayed above an earlier major low.

This structure is now trending upwards. The area that acts as rounded pullbacks around the trendline is also present, and Price recovers.

The higher > lower pattern can be seen on the chart, which is what Olson refers to as the setup. Source: Jesse Olson via X

In his previous post dated 17th September, he had also noted the bullish divergence.

HBAR was becoming bullish on the daily chart. If the rising structure prevails, then the chart suggests a continuation upward. But that is the analyst’s technical forecast, not a sure price change.

The three charts focus on $0.082 in the short term, with the higher-low trend and positive CMF trend indicating a possible continuation of the HBAR recovery.