HBAR Eyes $0.18 as Volume Surge Signals Possible Breakout

Hedera’s HBAR token has seen a rise of 1.31%, reaching $0.1725 as trading volume increased by 38% above the 30-day average. Technical indicators suggest the formation of an ascending triangle, with key resistance at $0.1742, which traders believe could lead to a target of $0.18 if broken decisively. HBAR has been consolidating within a narrow range of $0.1701–$0.1739, and the current trading pattern indicates active position-building rather than large-scale accumulation. The significant trading activity reflects rising interest in the Hedera network. Support levels are critical, with primary support at $0.1692 and a volume-weighted support zone at $0.1601. A breakout above resistance could further elevate HBAR towards the $0.18 target, while a failure below the support could test lower volume levels.

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