With solid fundamentals, high liquidity, and favorable technical indicators, HBAR appears to be at a pivotal moment. The asset has the potential to surprise, especially if it breaks through resistance levels and draws in more volume.
HBAR/USDT is on the rise today, trading at $0.13114 with a 6.42% increase and an impressive 24-hour volume of 1.44 billion HBAR. Prices have been fluctuating between $0.118 and $0.14048, keeping the asset in the spotlight for traders looking for opportunities.
On the 1-hour chart, technical indicators paint a promising picture. The MACD remains in positive territory, signaling that buying pressure is still leading, though the market may be entering a brief consolidation phase. The Stoch RSI, at 55.55, indicates balanced momentum with room for the price to aim for new highs. The SAR Parabolic, positioned below the candlesticks, confirms the ongoing uptrend, while the nearby resistance at $0.135 will be a key level to watch. On the downside, the support at $0.128 provides a strong base for the asset.
Recent news adds to the optimism. Rumors suggest that Brian Brooks, a member of the Hedera Foundation, may be considered for the role of SEC chair, bringing greater visibility to the project. Additionally, Canary Capital has filed a request with the SEC to launch an HBAR-focused ETF, further boosting interest in the asset. On the corporate front, Hedera continues to attract major companies to its network, solidifying its position as a project with real-world applications.
Expectations for the remainder of the day are high.
