Buyers actively pushing prices higher does not mean that further upside has opened up. Whether the price can hold after breaking above the range high intraday is a better indication of genuine supply and demand.
Spot $HBAR briefly moved above the four-hour reference high of $0.06287 intraday, reaching $0.06313, but fell back to $0.06272 by the close and remained within its original range.
Spot trading volume for the period rose to $240,000, more than double the previous baseline, with aggressive buying accounting for 59.9% of the total.
The price’s return to the range despite buyers having the upper hand and volume increasing indicates that selling pressure remains concentrated at higher levels, and that the short-term trend is still trading within its established range.
Spot $HBAR briefly moved above the four-hour reference high of $0.06287 intraday, reaching $0.06313, but fell back to $0.06272 by the close and remained within its original range.
Spot trading volume for the period rose to $240,000, more than double the previous baseline, with aggressive buying accounting for 59.9% of the total.
The price’s return to the range despite buyers having the upper hand and volume increasing indicates that selling pressure remains concentrated at higher levels, and that the short-term trend is still trading within its established range.