$HBAR Update๐ฅ๐ฅ๐ฅ
๐ $HBAR Rocketed to a New ATH and whats next! ๐
๐ December starts with a bang for HBAR ! ๐
The native token of Hedera, $HBAR, has been on fire ๐ฅ, closing its first week of December with a 136% gain, hitting a new All-Time High (ATH) of $0.392! This marks an 831% recovery from its yearly low in November. ๐๐ผ
๐ The Numbers Speak:
๐ Weekly Low: $0.164
๐ Weekly High: $0.392
๐ Week Close: $0.33
๐ก While $HBAR's bullish momentum has been phenomenal, recent metrics suggest cooling demand:
Spot market demand peaked at $48.22M on Dec 2 but has since slowed.
On-chain volume dropped from a peak of $67.59M on Dec 3 to about one-third of that.
๐ Sell Pressure Building?
Some traders are already locking in profits ๐ต, with $8.62M worth of outflows in the last 24 hours. Despite this, funding rates remain positive, showing ongoing optimism in the derivatives market.
๐ญ Whatโs Next for HBAR?
Although slowing momentum and declining TVL (Total Value Locked) may signal a short-term pullback, a resurgence in demand could keep the rally alive! ๐
๐ Will $HBAR defy the odds and continue its climb? ๐ค Share your thoughts in the comments!
๐ Donโt forget to use the HBAR Profit Calculator to check your gains!
