HBAR Eyes $0.18 as Volume Surge Signals Possible Breakout

Hedera’s HBAR token rose 1.31% to $0.1725, supported by a 38% surge in trading volume, indicating a potential breakout above key resistance levels. HBAR has been consolidating within a range of $0.1701 to $0.1739 and is forming an ascending triangle pattern. A successful break above $0.1742 could lead towards a target of $0.18, bolstered by intensified trading activity. Traders see $0.17 as a critical psychological support level amid increasing speculative interest. The token's price advancement follows a period of consolidation and reflects a steady trader interest in the Hedera network despite no significant fundamental catalysts. Current market dynamics show HBAR sustaining a 0.41% outperformance compared to the broader crypto market, suggesting a positive sentiment-driven movement.

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