π HBAR has recently become a focal point in the cryptocurrency market. Presently, HBAR is positioned at a crucial support area, previously acting as a resistance level.
π Historically, this zone has demonstrated considerable strength in preventing HBAR's decline, suggesting a likelihood of a rebound from this point. Such a bounce would potentially initiate a renewed upward trajectory, possibly propelling HBAR towards its target in the strong resistance area.
π However, should HBAR fail to maintain its stance above this support level, indicating a breakdown, it could spell a significant shift in market sentiment. A breach of this support could disrupt the existing bullish trend, potentially ushering in bearish momentum. In such a scenario, HBAR might experience a downward trajectory, with its next critical juncture being the demand area.
π The demand zone thus becomes pivotal for HBAR's recovery prospects. A strong response in this area, characterized by a bounce and a subsequent reclamation of price levels above the previous support, is essential. Failure to achieve this could cement a bearish trend, leading HBAR to extend its decline, potentially reaching even lower towards the strong demand area.
π Historically, this zone has demonstrated considerable strength in preventing HBAR's decline, suggesting a likelihood of a rebound from this point. Such a bounce would potentially initiate a renewed upward trajectory, possibly propelling HBAR towards its target in the strong resistance area.
π However, should HBAR fail to maintain its stance above this support level, indicating a breakdown, it could spell a significant shift in market sentiment. A breach of this support could disrupt the existing bullish trend, potentially ushering in bearish momentum. In such a scenario, HBAR might experience a downward trajectory, with its next critical juncture being the demand area.
π The demand zone thus becomes pivotal for HBAR's recovery prospects. A strong response in this area, characterized by a bounce and a subsequent reclamation of price levels above the previous support, is essential. Failure to achieve this could cement a bearish trend, leading HBAR to extend its decline, potentially reaching even lower towards the strong demand area.
Trade closed: target reached:
Another win! #HBAR up 65.70%, as forecasted!
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Follow a team of traders with 10+ years of experience?
JOIN FREEπ t.me/+IaNzEzXsdiBlNDg0
ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV