The native token of Hedera Hashgraph, HBAR, has experienced a significant 10% price increase in the last 24 hours due to a rise in spot market inflows. This surge in buying pressure suggests a favorable outlook for HBAR's short-term gains. On-chain data from Coinglass shows a $2 million influx into HBAR's spot markets, indicating growing confidence in the altcoin's future performance. Increased spot inflows directly investing in the asset at current market prices reflect rising investor confidence and drive up demand, potentially boosting the token's price. Positive signals from HBAR's technical indicators, such as the Elder-Ray Index and Relative Strength Index, further support this upward trend. With a current price of $0.29, HBAR could revisit its multi-year peak of $0.38 if buying pressure continues, potentially leading to a reclamation of its all-time high of $0.58. Read more AI-generated news on: https://app.chaingpt.org/news