EddieJayonCrypto
16 Jan 25
HBAR, the native token of Hedera Hashgraph, has surged by 10% in the last 24 hours due to increased spot inflow, reaching its highest level since December 19. This surge is driven by anticipation around Hedera's mainnet upgrade to version 0.57 scheduled for today at 18:00 UTC. The substantial inflow...
HBAR's 10% Price Surge Driven by Mainnet Upgrade Anticipation HBAR, the native token of Hedera Hashgraph, has surged by 10% in the last 24 hours due to increased spot inflow, reaching its highest level since December 19. This surge is driven by anticipation around Hedera's mainnet upgrade to version 0.57 scheduled for today at 18:00 UTC.
HBAR's Spot Inflow Surges Ahead of Upcoming Mainnet Upgrade The substantial inflow, surpassing $8 million, indicates growing demand for HBAR and suggests optimism about its near-term performance. The uptick in buying activity is confirmed by the Elder-Ray Index, indicating a potential rally above the $0.33 resistance or a pullback towards the $0.26 support after the upgrade.
HBAR Price Prediction: $0.33 Resistance and $0.26 Support Define Path Ahead HBAR’s price has remained rangebound over the past month, facing resistance at $0.33 and finding support at $0.26. With the strengthening bullish bias toward the altcoin, it could break above the $0.33 resistance and rally toward $0.39. Conversely, if selloffs intensify after the mainnet upgrade, HBAR’s price could witness a pull toward the $0.26 support.