#Hedera ($HBAR ) has recently shown significant momentum in the market. As of today, its price is approximately $0.2440, with a 24-hour trading volume exceeding $1.9 billion, reflecting a remarkable 19.72% increase in the past 24 hours
Key Support & Resistance Levels
Support Zone : $0.2000 is a critical support level recently tested and held strong. Breaking below this could lead to a retest of lower levels near $0.17
Resistance Zone : Immediate resistance lies around $0.25–$0.26. A successful break above $0.25 could open the path toward $0.30–$0.33, marking a bullish breakout
Ideal Targets
If HBAR maintains its upward trajectory, we could see it pushing toward $0.25 in the medium term, driven by increasing adoption of Hedera’s enterprise-grade blockchain solutions. Long-term price predictions place HBAR in the $0.522–$0.556 range by the end of 2024, depending on broader market conditions
Market Sentiment
With a 77.56% gain over the past week, HBAR is gaining attention from traders and long-term investors alike. Keep an eye on trading volume and market trends to gauge sustained bullish momentum
