Hedera HBAR Tests Key Support Levels as Traders Eye $0.135 Target
Hedera Hashgraph (HBAR) is currently testing crucial support levels amidst fluctuating market conditions. The token is trading at $0.1087, showing a 2.74% daily gain, which reflects cautious Optimism among traders. Key resistance levels are identified between $0.110 and $0.125, while $0.10 remains a strong support zone.
Technical analysts present mixed views on HBAR's short-term outlook. GainMuse points to a weakening price structure that may indicate potential downward movement. On the other hand, Sniper Trading emphasizes HBAR's resilience in maintaining the $0.10 support level despite recent volatility, suggesting a possible rebound could be on the horizon.
Market participants are keeping a close watch on upcoming network developments that could impact price action. With a daily trading volume of $185 million and a market cap of $4.65 billion, HBAR continues to attract significant interest, though the market awaits clearer directional signals.