HBAR Price Surges 3% as Market Optimism Builds Amid U.S. Government Shutdown Concerns

Hedera Hashgraph’s native token, HBAR, showcased strong bullish momentum between October 5 and 6, climbing from $0.22 to $0.23 within a 24-hour period. The cryptocurrency’s intraday volatility reached 5.47%, highlighting heightened trading activity and renewed investor interest. After rebounding from lows near $0.21, HBAR managed to post higher highs above $0.23, marking a notable shift in sentiment as buying pressure intensified.

This rally came amid broader market uncertainty fueled by fears of a potential U.S. government shutdown, which spurred increased demand for alternative assets like cryptocurrencies. HBAR’s trading volume surged to 55 million, significantly above its 39.85 million daily average, reflecting strong market participation and short-term optimism. The token’s ability to hold gains despite traditional market pullbacks underscores investor confidence in its near-term outlook.

Technical indicators point toward sustained strength. HBAR established solid support at $0.21, confirmed by substantial trading volume. The token successfully broke through multiple resistance levels—first at $0.22, then $0.23—during periods of high-volume trading exceeding 43 million. Notably, a sharp breakout around 13:37 triggered a 2.87 million volume spike, pushing the price through successive resistance zones and reaching its session high of $0.23.

Despite a lighter final-hour volume of 5.56 million, HBAR maintained consolidation around its peak, signaling stability after a strong upward move. With increasing investor participation, favorable technical momentum, and rising interest in digital assets during macroeconomic uncertainty, HBAR’s bullish trajectory appears poised to extend further, provided it sustains support above the $0.21–$0.22 range.