Hedera (HBAR) is contemplating retesting the $0.57 resistance level. This will likely happen soon due to surging network activity as Hedera’s stablecoin market cap hits an all-time high. With technical and on-chain data leaning bullish, will the altcoin rebound, or will HBAR price continue to drop? HBAR Price Contemplates Retesting $0.57 Resistance HBAR value today is showing signs of a bullish breakout. At press time, HBAR trades at a daily high of $0.19 with a 4.4% intraday gain from the daily low of $0.182. The rally coincides with an over 60% surge in Hedera’s stablecoin market cap to an all-time high of $91 million, according to data from DeFiLlama. After its recent intraday gain, HBAR price is now attempting to flip resistance at the 23.6% Fibonacci level of $0.19 into support. If bulls defend this support, and the rally continues above the key resistance of $0.26, HBAR will make a… Read More at Coingape.com
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