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Hedera (HBAR) Open Interest Jumps 51% as Price Rally Eyes $0.30 Milestone
Hedera (HBAR) Open Interest Jumps 51% as Price Rally Eyes $0.30 Milestone
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's HBAR token has sparked a bullish surge, with trading volume skyrocketing 300% to $2.94 billion and open interest climbing 51% to $454.44 million. The cryptocurrency currently trades at $0.2596 after a 26% daily increase and a 58% weekly gain, breaking through key resistance levels.
Institutional interest grows as Hedera Council member Australian Payments Plus participates in the Reserve Bank of Australia's Project Acacia, a wholesale tokenization effort. Technical indicators show strong upward momentum, albeit in overbought territory, with traders targeting the $0.30 psychological barrier.
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