CandleFocus HBAR Rides the Bull: An 11% Surge Points to More Gains Ahead
2024-12-24
Author: Content Editor
The native token of the Hedera Hashgraph distributed ledger, HBAR, has experienced an 11% surge in price over the past 24 hours, driven by increased demand. Technical analysis suggests the potential for further gains, with the token's price remaining above the Super Trend indicator at $0.23. The rising Chaikin Money Flow also indicates the likelihood of a sustained rally. The Fibonacci Retracement tool suggests that if accumulation continues, HBAR's price could surpass its three-year high of $0.39. However, if selling pressure increases, the price may decline to $0.24 and potentially further to $0.16.
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