While the daily spot trading value broke through the 26 million U.S. dollars mark, the $HBAR price accelerated higher, pushing up toward the 0.095 U.S. dollar threshold. Over the past 24 hours, the gain has widened to nearly 9%, and it has thereby moved into the upper ranks of the spot market’s abnormal movement leaderboard.
Compared with the trend in which most assets see momentum fade after spiking, the chart shows a relatively coherent pattern of volume expansion and an orderly turnover rhythm: in the past 24 hours, the spot matched trades exceeded 310,000 orders, with trading value topping 26.9 million U.S. dollars. In a short time, its ranking jumped from the 9th position in the prior period to the 4th position. The price action and the level of trading activity display a clear acceleration correlation.
However, after the price rapidly approached the key resistance zone around 0.095 U.S. dollars, competition for turnover between the densely traded area above and short-term profit-taking positions also emerged. The key thing to watch after this volume-led surge is whether the current trading heat can be converted into solid follow-through above 0.094 U.S. dollars, and whether sharp volatility following the spike can be avoided.
#HBAR #Crypto
Compared with the trend in which most assets see momentum fade after spiking, the chart shows a relatively coherent pattern of volume expansion and an orderly turnover rhythm: in the past 24 hours, the spot matched trades exceeded 310,000 orders, with trading value topping 26.9 million U.S. dollars. In a short time, its ranking jumped from the 9th position in the prior period to the 4th position. The price action and the level of trading activity display a clear acceleration correlation.
However, after the price rapidly approached the key resistance zone around 0.095 U.S. dollars, competition for turnover between the densely traded area above and short-term profit-taking positions also emerged. The key thing to watch after this volume-led surge is whether the current trading heat can be converted into solid follow-through above 0.094 U.S. dollars, and whether sharp volatility following the spike can be avoided.
#HBAR #Crypto