Hedera HBAR Eyes $0.30 Milestone Amid 24% TVL Surge and Bullish Technicals
HBAR rallied 24% today, decisively breaking key resistance levels with strong technical confirmation. The token closed at $0.245 after hitting an intraday high of $0.251, supported by surging volume and improving on-chain metrics including TVL and stablecoin capitalization. Hedera's TVL spike indicates accelerating DeFi activity and liquidity inflows.
Technical indicators flipped firmly bullish: The MACD crossed above its signal line for the first time in weeks, while RSI reached 84 - typically overbought but sustainable during powerful uptrends. The price structure shows consecutive higher highs and lows, with HBAR now trading comfortably above the 200-day EMA at $0.209. This breakout follows a successful reversal from long-term support at $0.14.
