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Hedera HBAR Stablecoin Market Jumps 54% as $0.30 Breakout Looms
Hedera HBAR Stablecoin Market Jumps 54% as $0.30 Breakout Looms
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera Hashgraph's stablecoin market cap has surged 54% in just one week, hitting $86.41 million. This rapid growth highlights increasing institutional interest in Hedera's ecosystem, with market analysts now eyeing a potential technical breakout.
The HBAR token is developing an ascending triangle pattern, indicating a possible rally to $0.30 if current support levels hold. Conversely, failure to maintain these levels could trigger a pullback to $0.23, presenting a critical juncture for short-term traders.
While derivatives activity shows some cooling, the influx of stablecoins paints a bullish picture. Currently priced at $0.2536 with a $9.04 billion market cap, HBAR's price movement remains closely tied to these fundamental developments.
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