The price $HBAR is in the midst of a strong upward trend, trading at $0.27 after an impressive seven-day rally. Thanks to bullish momentum, the altcoin is gradually approaching the $0.30 mark, which has not been seen for five months. So far, the rise has been supported by positive sentiment in the broader cryptocurrency market, but soon HBAR may feel profit-taking pressure.

Despite the positive dynamics, indicators signal the need for caution.

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