Hedera (HBAR) Jumps 12%: Is $0.40 the Next Target?
Hedera's HBAR token surged 12.23% over the past week, now trading at $0.2627 with a 5.53% daily gain. Trading volume spiked 9.84% to $420.68 million, signaling growing investor confidence.
Technical analysis reveals a golden Fibonacci ratio setup at the 0.618 level, historically a precursor to breakout rallies. CryptoPulse notes this pattern suggests HBAR may be poised for a significant upward move, with $0.40 as the next key resistance level.