coindesk.com
15 August 2025 15:52, UTC
$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.
Trading volumes hit 65.56 million during the recovery, well above the 24-hour average, underscoring strong participation.
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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.
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.
