Hedera Hashgraph (HBAR) has seen a surge in trading activity, reaching an all-time high derivative trading volume of $6.31 billion. This has propelled HBAR's price to $0.39, a significant increase from its mid-November levels. The market cap is currently $12.47 billion with a 24-hour trading volume of $6.78 billion. The sustained increase in trading activity suggests that HBAR is gaining market traction, and a $0.50 price target is seen as a realistic possibility. However, the token's technical indicators suggest overbought conditions, which could lead to a correction or pullback. Key support levels are at $0.26 and $0.18, while key resistance levels are at $0.49 and $0.3933. Breaking past these resistance levels could lead to further gains for HBAR, with $0.50 and $0.61 as possible targets. Sustained trading volume and overbought RSI levels are needed to confirm momentum and increase the price.



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