HBAR Doubles in Value Hedera (HBAR) is quickly ga

HBAR Doubles in Value

Hedera (HBAR) is quickly gaining the interest of traders. It aims to rise to a level around $0.30, per the TradingView chart. In the latest session, the price was trading at a high of $0.28067. It only just recovered after reaching a low of $0.13. This indicates an over 100% increase within a few weeks.

The recovery used support areas that were formed by Fibonacci retracement levels between $0.14 and $0.17. These levels assisted the traders to determine potential reversal levels prior to the breakout. Price remained above such levels and had the strength to surpass the value of $0.20 with confidence.

The VWAP indicated a strong buy sentiment. The bid price has continued to stay much higher than the VWAP line. This indicates that the buyers are in control and most of the trades occur above this price.