HBAR price surges 10% in a week as volume nears $373 million
Main Idea
HBAR's price surged 10% in a week, reaching a 30-day high of $0.179, driven by increased trading volume, bullish futures positioning, and positive capital inflows.
Key Points
1. HBAR's price reached a new 30-day high of $0.179, with a 10% weekly gain.
2. Daily trading volume surged nearly 100%, reaching $373 million, the highest in recent times.
3. The long/short ratio hit a 30-day high of 1.13, indicating rising trader confidence.
4. The Chaikin Money Flow (CMF) indicator turned positive (0.13), signaling strong buying pressure and capital inflows.
5. HBAR faces a key resistance level at $0.189; a breakout could push it toward $0.206, while failure may lead to a drop to $0.165.
Description
Hedera Hashgraph’s native token HBAR has recorded a 10% gain over the past week, reaching a new 30-day high of $0.179. Source: CoinMarketCap This price rise comes as broader market sentiment turns positive, and the token shows strong signs of bullish momentum. At the same time, HBAR’s daily trading volume has surged by nearly 100%, touching $373 million, the highest seen in the last two months. This spike in volume reflects growing investor interest and confirms that the price movement is backed...
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