Hedera: How a 101% volume surge could fuel HBAR’s rally – BitRss

• 69.9% of top HBAR ($0.37)’s traders on Binance hold long positions.
• HBAR’s RSI remains below the overbought zone, suggesting there is still significant room for further upward movement.

Hedera [HBAR], is making waves in the cryptocurrency landscape following impressive momentum and a breakout of bullish price action patterns.

This sudden shift in market sentiment appears ahead of the upcoming political event on the 20th of January 20, 2025. This shift has caused HBAR to rally significantly in the past 24 hours.

According to CoinMarketCap data, HBAR has gained a massive 16% in the past 24 hours and is currently trading near the $0.345 level.

During the same period, traders and investors have shown strong interest and confidence, resulting in a 101% rise in trading volume.

HBAR price action and technical analysis 

This price surge has attracted significant attention from investors and traders. It caused a breakout from the prolonged consolidation and the symmetrical triangle pattern HBAR had formed on the daily time frame.

With this breakout, the altcoin appears bullish and poised for massive upside momentum.