Hedera Price Prediction: HBAR Maintains Uptrend With $1.79B Trading Volume
The post Hedera Price Prediction: HBAR Maintains Uptrend With $1.79B Trading Volume appeared on BitcoinEthereumNews.com.
A strong surge is dominating HBAR’s latest trading sessions, with price action confirmed by exceptional volume levels. After reclaiming key resistance, the token is now pushing toward potential breakout targets ahead of crucial weekly confirmation. Market observers are focusing on whether HBAR can sustain this momentum and cross the current resistance threshold. Weekly Resistance Holds Key to Next Move The Hedera (HBAR/USDT) weekly chart, analyzed by Mihir (@RhythmicAnalyst), highlights a significant breakout above prior consolidation zones. This week’s candle closed at $0.24109, representing a 51.3% gain, and was supported by elevated weekly volume of 1.3 billion, affirming strong investor participation. The rally has propelled HBAR into a historical resistance range centered on $0.24894, where several earlier attempts failed. Source: X A sustained close above $0.24894 would mark a technical breakout and unlock new upside targets in the $0.30–$0.36 zone. Mihir’s analysis warns that a failure to break this barrier could result in a pullback toward support levels around $0.21–$0.18, which align with moving averages and prior demand zones. For now, bulls maintain the upper hand as long as the price remains above $0.25 by week’s end. Daily Momentum Reinforced by High Liquidity According to BraveNewCoin’s latest 24-hour data, HBAR rose 11.51% to $0.25, surpassing the critical $0.24894 resistance level. This movement was accompanied by a sharp increase in trading activity, with volume reaching $1.79 billion, reflecting broad participation from both retail and institutional investors. The upward price trend reached a high of nearly $0.254 before experiencing a minor pullback to $0.247, indicating disciplined buying on dips. Source: BraveNewCoin The market cap now exceeds $10.47 billion, securing Hedera’s position among the top 20 crypto assets. As the token approaches the $0.30 resistance area, volumes and price structure will be closely watched. Sustained action above $0.255 may push HBAR toward $0.30, while…
