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Hedera HBAR Defies Expectations With 75% July Rally – Key Profit-Taking Zones Identified
Hedera HBAR Defies Expectations With 75% July Rally – Key Profit-Taking Zones Identified
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's HBAR has surged 75% in July, outperforming expectations for a large-cap token. The altcoin now faces a critical test at the 2025 Value Area High resistance level, where traders may consider taking profits.
Daily trading volume jumped 62% to $1.33 billion as the $10.3 billion market cap token gained 24% in 24 hours. Derivatives markets show strong bullish conviction, with open interest soaring 48.9% – indicating traders expect further upside.
The Fixed Range Volume Profile identifies $0.193 as a crucial support/resistance zone. While liquidation risks appear limited, the market's extreme bullish positioning warrants caution against potential long squeezes.
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