HBAR breakthrough: 11% growth opens up big profit opportunities
HBAR, the native token of distributed ledger platform Hedera Hashgraph, recently recorded an 11% price increase within 24 hours. This growth reflects increased demand for the token in the market landscape. Current technical indicators suggest that HBAR may continue its uptrend. The Super Trend indicator is currently providing dynamic support at $0.23, while the Chaikin Money Flow (CMF) index is also rising, indicating strong buying pressure.
If this trend continues, investors could take advantage of the opportunity to achieve large profits, with predictions that HBAR price could move towards the $0.39 mark in the near term, if accumulation activity sustains. However, if increased selling pressure occurs, the price could return to the support level at $0.24.