Price has risen on the day, but short-term momentum has now hit the recent intraday highs.
The market data chart shows HBAR climbing to $0.07605, with trading volume hovering around $40.52 million. Price was able to establish several higher price levels during the session, which it eventually topped at the high end of the range shown.
Notably, the TradingView chart is in the short time frame. The latest candles pull back from the session high as HBAR is trading between $0.0745 and $0.0760.
HBAR Price Recovers From the $0.074 Area
Latest market data displays HBAR trading around the price of $0.0747, which is about to drop to $0.0742. Price then set up a series of higher intraday levels and broke above $0.0750.
The recovery picked up around the midpoint of the session. A higher intraday high was established as HBAR rallied through the price of $0.0755 and then settled into the $0.0760 range.
A recent Brave New Coin reading has HBAR at $0.07625. The price range of its 24-hour trading is $0.07428 – $0.07605, and the market capitalization is approximately $3.34 billion. Source: Bravenewcoin
The trading volume on the first chart is approximately $40.52 million. The price advance is therefore accompanied by active trading during the 24 hours of the chart displayed during 24 hours.
The structure is still above the previous range of $0.0742-$0.0745. If the most recent recovery slows down, then this zone will become the closest lower reference point.
Technical Shows Resistance Near $0.0760
Meanwhile, the technical chart indicates that the price has bounced off the price of $0.0760 multiple times during the day. The price of HBAR briefly extended past that level before settling back down toward $0.0756.
Some of the previous moves also yielded a handful of Bollinger Band signals at the $0.0750-$0.0760 level. The most recent candles are located near $0.07558, where price is still hovering around the top of the session range.
There’s also a big jump followed by the latest drop. After trading below $0.0750, the HBAR price climbed to over $0.0760 before buying pressure took hold.
The “Chaikin Money Flow reading” on the chart below shows that the indicator is trading below zero after a few sessions of fluctuations. The indicator has crossed below its zero line several times in the session. Source: TradingView
That reading is in contrast to the price recovery. The latest money-flow reading is negative, and HBAR is moving higher without any positive CMF readings yet.
A break above the recent high of $0.0760-0.0762 would take the Elliott wave above the current resistance zone. A break above $0.0760-0.0762 would put the recent high in the zone of the immediate resistance. The low of $0.0750 would again put the lower intraday structure into play.
HBAR ETF Inflows Add a Separate Market Signal
Even so, data from X post indicates Canary Capital’s HBAR ETF racking up an $818,000 inflow on September 10. The post refers to the fund’s biggest daily outflow since August 25.
This same posting reports that the fund raised $818,000 for the session. Its HBAR holdings amounted to approximately 1.71% of the circulating supply, as revealed by the information given.
Canary’s official fund information also shows that its HBAR ETF is listed under the ticker HBR on Nasdaq. The fund is exchange-traded and not based on direct token ownership. Source: X
The ETF flow chart is another data point apart from the price charts of the short term. The ETF continues to add new daily inflows, while HBAR is moving towards resistance.
HBAR Price Levels Define the Next Technical Move
In the immediate resistance area, as per the latest charts, it lies at $0.0760-$0.0762. If this zone is breached and it moves above, the recent session high will be in focus.
The next visible upside reference is around $0.0770, followed by the broader $0.0780-$0.0800 area. These levels are above the current TradingView range.
The first short-term reference is on the downside at $0.0750. The chart below shows the level of support near $0.0745, and the session low near $0.07428 is the deeper level of support.
The price structure of HBAR currently narrows down in the range of $0.0743-$0.0762. The ETF inflow joins institutional-flow information, and the TradingView CMF is still negative.
