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Hedera HBAR Breaks Key Resistance Following SEC ETF Streamlining, Eyes $1.80 Target
Hedera HBAR Breaks Key Resistance Following SEC ETF Streamlining, Eyes $1.80 Target
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
HBAR's price surge above $0.24 reflects renewed market confidence, with a 5.6% increase in market cap to $10.5 billion. Trading volume skyrocketed over 100% to $430 million, highlighting robust investor interest.
The SEC's accelerated ETF approval process—reducing timelines from 240 to 75 days—has injected significant Optimism into digital assets. Analysts project over 100 crypto ETF approvals within the next year, creating a favorable macro environment for tokens like HBAR.
Technical indicators point to sustained bullish momentum. A rebound from the $0.22 Fibonacci support level and a flag pattern breakout earlier this year position HBAR for potential gains. Holding this support could pave the way toward the $1.80 target.
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