$HBAR

HBAR Rides the Bull: 11% Surge Signals Further Gains to Come

HBAR has surged 11% in 24 hours, supported by increasing demand and bullish technical indicators that point to the potential for further gains.

Super Trend support at $0.23 signals bullish momentum; break of $0.39 could mark a three-year high.

Rising Chaikin Money Flow (CMF) signals strong buying pressure, supporting the possibility of a continued upward price movement.

According to the Fibonacci retracement tool, HBAR price will revisit and surpass its three-year high at $0.39 if accumulation continues. This price level must turn into a support floor for this to happen.

If the sell-off resumes, HBAR price will lose some of its recent gains and head towards $0.24. A break of this level will trigger a further decline to the Super Trend dynamic support at $0.23. If this level fails to hold, the price of HBAR token may collapse to $0.16.