The price of HBAR has experienced a significant increase of over 92.10% in the past week, driven by speculations about a potential appointment of Hedera Board Member Brian Brooks as the next SEC Chair. However, there has been a slight downward trend due to investors reacting to information about another potential candidate, Teresa Goody Guillén, for the SEC post. The daily chart indicates a slowing down of the parabolic rally, with the token currently trading at $0.13637. Technical indicators such as the Relative Strength Index (RSI) and Bollinger Bands suggest overextension and a possible pullback. Resistance levels for HBAR are at $0.140 and $0.180, while the first support level is at $0.12000. The weekly chart shows positive signs, with increased trading volume indicating market demand and the potential for an uptrend. Traders are monitoring key support and resistance levels to determine HBAR's trajectory.



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