The Hedera token (HBAR) has seen a significant increase in price, jumping by 26.7% in the past day and surpassing the $0.20 resistance level. HBAR now trades at $0.2312, with technical analysts predicting a possible rally to $0.3 in the coming days. Trading volume and activity in the derivatives market have also surged, reflecting increased investor participation. The recent price surge may be partially driven by increased adoption interest as Snoop Dogg partners with Tune.FM, a music streaming platform built on Hedera. If HBAR maintains support above $0.20, market participants expect a potential rally toward $0.25 or even $0.40. However, failure to hold this level could lead to a retest of lower supports. On-chain accumulation and bullish technical indicators suggest a promising month ahead for HBAR. It currently ranks as the 11th largest cryptocurrency with a $9.6 billion market cap.



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