HBAR, the native token of Hedera, is experiencing a price surge and has formed a bullish price action pattern on the daily time frame. It has witnessed a jump in trading volume and is expected to face resistance near the $0.38 level. If it breaks this resistance and closes above $0.381, it could potentially soar by 22% to reach an all-time high of $0.45. Despite the upward momentum, the token still has room to grow based on its Relative Strength Index and its 200 Exponential Moving Average. On-chain metrics also suggest that long-term holders are accumulating HBAR, further supporting the bullish outlook.



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