Hedera (HBAR) has surged 7.56% over 24 hours, trading at $0.1030. The asset has re-entered a key historic accumulation zone, with analysts noting a 47% bounce from its weekly low. Derivatives market activity has strengthened, with trading volume rising over 96% and open interest climbing 16.57%.
Hedera (HBAR) gained 7.56% in the last 24 hours, trading at $0.1030 according to CoinMarketCap data. The token’s trading volume increased by 96.22% to $223.36 million.
Analyst Crypto Patel stated the price has returned to a major weekly accumulation zone between $0.07 and $0.10. “The weekly candle has seen a strong reaction, bouncing 47% from the lower boundary,” the analyst mentioned.
The setup remains valid if the price stays above $0.07 on a weekly closing basis. A close below $0.070 would invalidate the bullish structure, with the next major support potentially at $0.043.
Another analyst, CryptoPulse, noted HBAR confirmed an inverse head-and-shoulders breakout. This pattern signals a potential continuation toward $0.12 if the current trend is sustained.
Derivatives data from CoinGlass shows a 46.71% surge in volume to $324.21 million. Open interest increased by 16.57% to $120.49 million.
HBAR’s price has risen 16.22% over the last week. The recovery and increased market activity have placed the asset back in focus for investors monitoring technical trends.
