HBAR Price Soars 10% as It Approaches Weekly Resistance

Hedera (HBAR) has seen a 10% rally in the past 24 hours, bringing its price to $0.0806 according to BraveNewCoin and TradingView charts.

This surge puts HBAR in a technical decision area, as it approaches the top of a down weekly channel on the X chart. The analyst notes that the price has tested both the lower and upper trendlines of this channel, indicating a potential breakout if it can sustain resistance at $0.079 and close above $0.081.

The Chaikin Money Flow reading remains slightly positive at 0.09, but the current 1-minute volume is relatively low at 14,090 HBAR, suggesting more activity is needed to maintain this trend.