Hedera HBAR Surges Past $0.169 as Bulls Target $0.1779 Resistance Level

Hedera's HBAR has jumped 3.81%, breaking through the $0.169 barrier with bullish momentum now eyeing the $0.175-$0.1779 resistance zone. Technical indicators show strong positive signals—the RSI at 74.52 indicates overbought conditions, while the MACD continues its upward trend at 0.00228 above the signal line.

Market conditions support further upside potential. Open interest has surged to $225.98 million alongside $267.01 million in trading volume, creating a solid foundation for sustained momentum. Liquidation clusters between $0.170-$0.1779 suggest possible short squeeze conditions in the NEAR term.

The 4-hour chart reveals HBAR testing the upper Bollinger Band at $0.1691 after decisively clearing mid-band resistance at $0.16587. While overextension risks exist at current levels, the cryptocurrency shows impressive strength within its recent trading range of $0.15290-$0.1691.