HBAR Eyes $0.18 as Volume Surge Signals Possible Breakout

Hedera’s HBAR token rose 1.31% to $0.1725 as it saw a trading volume increase of 38% above the 30-day average, indicating potential upward momentum. Currently, HBAR is consolidating in the $0.1701 to $0.1739 range while forming an ascending triangle pattern. A successful breach above the resistance level of $0.1742 could lead to a target of $0.18. The $0.17 area is perceived as significant psychological support, supporting speculation among traders amid lighter volumes. Despite this increase, the overall market sentiment remains driven rather by trader sentiment than by specific developments within the Hedera network. Key technical indicators remain in a favorable position with primary support laid at $0.1692. HBAR's performance indicates possible bullish behavior as interest builds, although caution is advised as movements are still speculative and subject to market fluctuations.

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