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Hedera HBAR Targets $0.40 as Bullish Rebound Gains Momentum
Hedera HBAR Targets $0.40 as Bullish Rebound Gains Momentum
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera (HBAR) is showing strong signs of recovery, rallying from a local bottom at $0.12761 and decisively breaking the key resistance level at $0.20075. This upward momentum suggests a potential reversal in market sentiment following an extended bearish period.
The rebound comes after March’s downturn, with $0.12761 establishing itself as solid support. Technical analysis now indicates higher price objectives at $0.25113, with possible extensions toward $0.32270 and $0.40087 if buying pressure continues.
Traders are closely monitoring the $0.20075 level, which has flipped from resistance to support. Failure to maintain this zone could lead to retests of lower support levels at $0.15038 and $0.12761.
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