Hedera (HBAR) has experienced steady price growth in the past week due to an increase in social media mentions, which often attracts new investors. Data from Santiment shows that HBAR's social dominance, which measures the percentage of cryptocurrency-related conversations mentioning the asset, has increased by 39% since January 1. The surge in social dominance indicates a significant increase in social media activity around HBAR, driving more interest in the asset and potentially leading to a price surge. This uptick in trading activity is supported by a 38% increase in HBAR's open interest, indicating growing confidence and participation in the asset. HBAR is currently facing resistance at $0.33, but if bullish pressure is maintained, it could break above this level and reach its 30-day high of $0.39. On the other hand, if there is a selloff, HBAR may reverse its current trend and drop to $0.26, with further decline to $0.24 possible.



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