Hedera HBAR Jumps 8% Amid Bullish $2 Price Target Predictions
Hedera (HBAR) has surged 8.98% over the past 24 hours, hitting $0.2513 as technical indicators point to a potential bullish breakout. The token's reclaim of the $0.25 support level has caught traders' attention, with analysts setting a long-term price target of $2. Increased trading volume and growing enterprise adoption are driving optimism.
HBAR's price action showed steady intraday gains, closing NEAR session highs with minimal retracements. The $0.25 level now serves as both psychological and technical support, with $0.27 emerging as the next key resistance. Market momentum appears sustainable if current volume trends hold.