HBAR has been in the headlines lately. This was because holders filed a petition against the network developer. They did this in a bid to force them to make the necessary changes to the network and cause a significant price increase.

Although there is no evidence of the party carrying out the task, Hedera prices are seeing more surges. For example, on Monday, it started trading at $0.09 but started a massive surge that saw it break several key barriers. One such is the $0.10 resistance. Following the flip, it continued upwards and was heading for $0.12 but halted its advance. Nonetheless, it peaked at $0.117  and registered more than 25% gains.

Another bullish move took place on Thursday. Trading resumed at $0.104 but dropped and threatened to go below $0.10. However, it recovered and made another attempt at $0.12 but failed. It ended the day above $0.115 with gains exceeding 11%. With these increases adding up, the altcoin is up by almost 22% over the last seven days. However, the charts are blaring warnings.