Hedera HBAR Shows Bullish Potential as It Nears Key $0.32 Breakout Level
Hedera's HBAR token is gaining momentum as it approaches a crucial resistance level at $0.32, a historically significant sell zone. Currently trading at $0.28542, HBAR displays signs of accumulation with a pattern of higher lows and higher highs, forming a bullish structure. Analysts suggest a breakout could occur if the token achieves a daily close above this level, potentially triggering further upward movement.
Volume trends since mid-July indicate increasing market interest, with strong support established between $0.215 and $0.230. Converting the $0.32 resistance into support WOULD confirm the uptrend, setting the stage for testing higher resistance levels.