$HBAR /USDT Technical Analysis & Price Target

$HBAR Current Price: $0.34875

Price Change: +46.48%

HBAR/USDT has shown a remarkable rally of 46.48% over the past 24 hours, currently trading at $0.34875. The strong bullish momentum is evident, with a 11.97% increase in the last 4 hours. This indicates significant market interest and potential for continued growth.

Key Support Level: $0.23173

Key Resistance Level: $0.36500

Price Action: The 4-hour chart indicates a continued strong upward movement, breaking through previous resistance levels. HBAR is approaching the 24-hour high of $0.36500, which could act as a critical resistance. A break above this level could signal further bullish momentum, potentially targeting the $0.4000 mark. On the downside, support is located at $0.23173, which should hold if the price experiences a pullback.

Target:

Short-term Target: $0.36500 (Resistance Level)

Upside Target: $0.4000 (Next Key Resistance Zone)

Downside Target: $0.23173 (Support Level)

With the current momentum, HBAR has the potential to continue its upward move towards the $0.36500 resistance. A break above this level may lead to further gains towards $0.4000. However, a pullback towards $0.23173 support could offer a potential entry point if the trend remains bullish. Watch volume and price action closely for confirmation of the trend's strength.

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