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Cryptocurrency News Articles
Hedera (HBAR) Prepares for a Significant Upward Move, Eyes $0.45
May 17, 2025 at 01:00 am
HBAR appears to be on the brink of a significant upward move, with technical indicators and broader market conditions aligning in its favor.
Hedera (HBAR) appears to be on the brink of a significant upward move, with technical indicators and broader market conditions aligning in its favor.
Despite experiencing a brief pullback, HBAR remains resilient, holding firm above a crucial support level, hinting at a potential rally that could propel the token toward new multi-month highs.
At the time of writing, HBAR is trading at $0.2005, reflecting a 3% increase over the past 24 hours. Although the weekly chart shows a modest decline of 0.89%, the broader picture reveals a different story: HBAR has surged nearly 28% over the past month.
This recovery aligns with the current bullish sentiment sweeping across the crypto market, which has helped several altcoins bounce back after weeks of correction and consolidation.
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