Hedera HBAR Nears Breakout as Key Support Holds, Eyes $0.19 Target
Hedera's HBAR token is demonstrating resilience, currently retesting a critical accumulation zone between $0.125 and $0.135. This level has historically served as a strong support base. The token's ability to rebound from this demand region signals sustained market confidence, with analysts targeting a potential rally toward $0.19 if the current support holds firm.
A significant new partnership with the Government of Georgia highlights Hedera's expanding influence in public-sector blockchain initiatives. This development is expected to further cement HBAR's position as a major player in the institutional adoption narrative.
Trading at $0.1461 with a 1.02% daily gain, HBAR's trading volume surge to $273 million indicates renewed investor interest. The technical setup suggests a potential breakout from its descending trendline, making the $0.17 to $0.19 range a plausible near-term target for the token.
