Market Overview: Hedera Hashgraph (HBARUSDT) 24-Hour Technical Summary

• HBARUSDT tested key support near $0.248 before rebounding, forming a bullish hammer on the 15-minute chart.
• Price closed near session high at $0.25023, reversing from a morning selloff, with volume confirming the rebound.
• RSI showed oversold conditions in the morning but failed to trigger a strong breakout above $0.251.
• Bollinger Bands widened as volatility increased, with price holding above the lower band.
• MACD crossed zero with positive divergence, signaling potential short-term strength after a bearish morning session.

Hedera Hashgraph (HBARUSDT) opened at $0.25074 on 2025-08-22 12:00 ET and closed at $0.25023 on 2025-08-23 12:00 ET, reaching a high of $0.25789 and a low of $0.24702. Total volume was 88,535,738, and notional turnover amounted to approximately $21,300,000 over the 24-hour window.

Structure & Formations

Price formed a bearish consolidation during the early hours before reversing into a bullish structure. A hammer-like candle appeared around $0.248, signaling a short-covering rally. Resistance levels emerged around $0.251 and $0.253, while support is now visible at $0.248–$0.249. A key 15-minute doji formed at the $0.25023 close, suggesting indecision near current levels.

Moving Averages

On the 15-minute chart, the 20-period MA (SMA) crossed above the 50-period MA in the final hours, confirming a short-term bullish bias. On the daily chart, the 50-period MA is currently above the 100-period MA, reinforcing the medium-term upside potential. Price remains above both 50- and 200-period MAs, indicating a healthy trend.

MACD & RSI

The MACD line turned positive in the late session with a crossover above the signal line, supporting bullish momentum. RSI bottomed at ~30 in the early morning and climbed to ~53 at the close, indicating a potential short-term overbought condition. While not extreme, it suggests a need for consolidation in the near term.

Bollinger Bands

Bollinger Bands widened significantly during the midday rebound, with price settling just below the upper band at the session close. The contraction earlier in the morning hinted at a low-volatility setup, followed by a breakout. Price has now settled within a normal volatility range, but a further test of the upper band could trigger a pullback.

Volume & Turnover

Volume spiked during the morning selloff, particularly between 01:30–03:00 ET, while the afternoon rebound was supported by steady but not excessive buying. Notional turnover rose to $0.252–$0.253, aligning with the price rebound. No divergence between price and volume was observed, confirming the strength of the recent rally.

Fibonacci Retracements

On the 15-minute chart, the key retracement levels of 38.2% and 61.8% were $0.252 and $0.254, respectively. Price stalled near the 61.8% level before consolidating. On the daily chart, a Fibonacci extension from the 0.248–0.257 swing suggests a potential target of $0.259 as resistance ahead of a 0.261 level.

HBARUSDT may test $0.251–$0.253 resistance in the next 24 hours, with a possible retest of $0.248 if sentiment turns bearish. Traders should monitor the 15-minute MACD and RSI for signs of overbought conditions. A breakout above $0.253 could signal a resumption of the upward trend, but risks remain if volume fails to confirm the move.