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TronWeekly

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Hedera (HBAR) Open Interest Jumps 51%; Price Breakout Signals $0.30 Ahead

  • HBAR trading volume surged by 300% to $2.94 billion with open interest rising over 51% to $454.44 million.
  • Price of HBAR increased by nearly 26% in the last 24 hours and over 58% weekly, reaching $0.2596 with strong bullish technical indicators.
  • Investor optimism in Hedera (HBAR) was fueled by news of RBA's tokenization pilot with Hedera Council member AP+.
  • Technical analysis shows HBAR in a bullish trend, with price surpassing key EMAs and aiming for $0.26 and $0.30 as resistance levels, while $0.23 remains crucial support.

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