Hedera's native token HBAR has shown an impressive surge, increasing over 400% in the past month. This event has caught analysts' attention regarding key resistance and support levels.
HBAR Recent Achievements
HBAR is currently priced at $0.24, with a market cap of $9.16 billion. The trading volume in the past 24 hours reached $3.55 billion, with a circulating supply of 38 billion HBAR. According to CoinMarketCap, HBAR ranks 19th.
HBAR/USD Performance Insights
The HBAR/USD chart indicates a distinct bullish trend, with a notable upward movement since mid-November. Resistance levels are noted at $0.25, $0.30, and $0.35, while support is seen at $0.20, $0.17, and $0.14. The growing interest in HBAR coincides with increased buying momentum, potentially leading to resistance level testing.
HBAR and Potential Alternatives
Projects like Hedera showcase innovation, partnerships, and sustained community presence. One emerging alternative is Pepe Unchained ($PEPU), offering a revolutionary approach to memecoins, leveraging Ethereum’s Layer 2 scaling solutions.
HBAR garners attention both for its price metrics and for growing partnerships and technological innovations. These factors create favorable conditions for potential growth in the near future.
