HBAR Eyes $0.18 as Volume Surge Signals Possible Breakout

Hedera’s HBAR token saw a 1.31% increase to $0.1725, driven by a notable 38% rise in trading volume. Analysts noticed HBAR forming an ascending triangle pattern with significant market interest, indicating a potential breakout above the critical resistance level at $0.1742. The price is currently consolidated within a $0.1701–$0.1739 range, and a successful breakout could target the $0.18 mark. Traders consider the $0.17 area as a crucial psychological support level amid heightened speculative positioning. Despite no strong fundamental drivers, the surge in trading activity suggests renewed interest in HBAR, with the broader crypto market sentiment supporting its movement. Technical analysis indicates that primary support is at $0.1692, while the volume analysis showcases a strong foundation established during previous declines. Overall, the developments point toward potential upward momentum for HBAR in the near term.

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