HBAR Eyes $0.18 as Volume Surge Signals Possible Breakout

Hedera's HBAR token saw a 1.31% increase to $0.1725, with trading volume spiking by 38% above its 30-day average. Currently, HBAR is consolidating in a narrow range between $0.1701 and $0.1739, forming an ascending triangle pattern which may lead to a breakout above key resistance at $0.1742. A successful breach of this level could propel HBAR towards the $0.18 target, supported by strong trading volume. Market analysts are focusing on the $0.17 mark as a significant psychological support point amidst increasing speculative trading. The rise in trading volume indicates heightened trader activity in HBAR despite a lack of fundamental news, suggesting renewed interest in the token. The overall technical outlook remains positive, highlighting that if HBAR continues to form higher lows within its current range, a breakout is plausible, with primary support noted around $0.1692.

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