The native token of Hedera Hashgraph, HBAR, has experienced a 10% price surge in the past 24 hours due to increased spot market inflows. This influx of $2 million into HBAR's spot markets indicates growing confidence in the altcoin's future price performance. Positive readings from HBAR's technical indicators, such as the Elder-Ray Index and the rising Relative Strength Index, further support this surge in demand. If buying pressure continues, HBAR's price could reach its multi-year peak of $0.38 and potentially reclaim its all-time high of $0.58. However, a failed attempt to breach the $0.38 resistance level may result in a downward trend toward $0.20.



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