Current Momentum: HBAR is experiencing a breakout rally, aiming to hit $0.12.
Psychological Barrier: The focus is on the crucial $0.10 mark, a significant psychological level for HBAR.
Pattern in Play: The rally follows a double bottom breakout in the daily chart, indicating bullish potential.
Weekly Kickoff: The week starts with a 10.86% jump for HBAR, currently trading around $0.0951.
Intraday Observations: A recent 2.07% drop forms a shooting star candle, hinting at resistance near $0.10.
Market Support: Bitcoin’s movement to $45K and a rise in trading volume underpin HBAR’s bullish scenario.
Entry Signal for Traders: A decisive break above $0.10 could be a key entry signal for those on the sidelines.
Technical Indicators:
MACD: Recent crossovers show indecision, but the current positive alignment suggests bullish momentum.
Next Milestones: Breaking $0.10 could lead to a further rally, potentially towards $0.12.
Risk Assessment: Despite bullish signs, failure to maintain momentum could see a pullback to around $0.060.
Overall Outlook: HBAR’s price trajectory is promising, with a strong focus on sustaining the rally above $0.10 for continued bullish momentum.
Psychological Barrier: The focus is on the crucial $0.10 mark, a significant psychological level for HBAR.
Pattern in Play: The rally follows a double bottom breakout in the daily chart, indicating bullish potential.
Weekly Kickoff: The week starts with a 10.86% jump for HBAR, currently trading around $0.0951.
Intraday Observations: A recent 2.07% drop forms a shooting star candle, hinting at resistance near $0.10.
Market Support: Bitcoin’s movement to $45K and a rise in trading volume underpin HBAR’s bullish scenario.
Entry Signal for Traders: A decisive break above $0.10 could be a key entry signal for those on the sidelines.
Technical Indicators:
MACD: Recent crossovers show indecision, but the current positive alignment suggests bullish momentum.
Next Milestones: Breaking $0.10 could lead to a further rally, potentially towards $0.12.
Risk Assessment: Despite bullish signs, failure to maintain momentum could see a pullback to around $0.060.
Overall Outlook: HBAR’s price trajectory is promising, with a strong focus on sustaining the rally above $0.10 for continued bullish momentum.