HBAR Soars 20% as $4.48M Withdrawn, Trading Volume Tops $1B Amid Bullish Momentum

HBARUSDT has experienced a significant price increase of 20.10% over the past 24 hours, rising from 0.23602 to 0.28346 on Binance. This surge is attributed to strong market interest, as evidenced by over $4.48 million in HBAR withdrawals from exchanges in the past 48 hours and a high proportion of long positions (66.02%) among Binance traders, indicating bullish sentiment. Technical analyses highlight a bounce from key support levels and increased trading volume, with HBAR’s price momentum supported by broader positive trends in Layer 1 coins. The current trading volume is robust, exceeding $1 billion, and HBAR’s market capitalization places it among the top 20 cryptocurrencies, reflecting heightened investor activity and confidence in the asset.