#内容挖矿升级 Recently, market observers may have noticed that Hedera Crypto Assets has performed exceptionally well, with HBAR price rising over 10% in a single day and a weekly rise of nearly 18.5%. Notably, this is the first time in months that HBAR has broken through the important $0.20 price level.

There are three key factors behind this price rise. First, the canary HBAR ETF ( HBR ) successfully listed on Nasdaq, creating a convenient channel for institutional funds to enter. Second, HBAR successfully broke through major technical resistance levels, ending a prolonged downtrend. Third, the current market's altcoin rotation effect is providing additional support for HBAR.

In-depth analysis of the latest trend of HBAR shows a clear sign of a bull market recovery. The current trading price is $0.2007, with a 24-hour rise of over 10%, and a weekly rise of nearly 18.5%. The trading activity is also quite considerable, with a 24-hour trading volume reaching $580.6 million, and the total market capitalization climbing to $8.53 billion.

From a technical perspective, HBAR breaking through the 23.6% Fibonacci retracement level of $0.20116 is an important signal. At the same time, the price has successfully risen above the 30-day moving average of $0.19255 and the upper Bollinger Band, further confirming the formation of a bullish trend. The MACD indicator has also turned positive (+0.0025), validating the momentum shift.

On the emotional side, the strong rise of HBAR has broken the previous downward channel pattern. Although the current trend is strong, the 14-day RSI indicator is only 48.45, in the neutral zone, indicating that there is still room for price rise before reaching overbought conditions. The next challenge facing the bulls is the resistance level of $0.233 - the high point of the July wave. If HBAR can break through this level, it may attract more funds to enter.

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