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Hedera (HBAR) Jumps 23% as Analysts Eye $0.504 in Bullish Surge
Hedera (HBAR) Jumps 23% as Analysts Eye $0.504 in Bullish Surge
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's HBAR token surged 23% within 24 hours, breaking through critical resistance levels amid growing bullish momentum. The rally aligns with $12.77 million in exchange inflows and a 152% increase in trading volume, indicating robust institutional demand.
Technical analysts forecast a 30% rise toward $0.37, with some setting sights on $0.504 as Bitcoin's market dominance declines. This movement follows a notable crypto trader's July 18 prediction of "monumental strength" in HBAR's chart formations.
Currently priced at $0.2844, HBAR shows uncommon stability during altcoin season—a trait drawing parallels to Ethereum's 2017 breakout path. Open interest derivatives data suggests traders are preparing for continued upward movement.
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