$HBAR HBAR/USDT Update: Is the Bullish Trend Still Intact?

📊 Current Price: $0.34671 (+11.25%)

🚀 24H High: $0.39265 | 24H Low: $0.23198

🔍 Market Analysis:

HBAR has shown strong bullish momentum over the past few days, with a significant rally pushing prices toward recent highs. However, after touching the 24H high of $0.39265, the price is now experiencing a minor pullback.

Key Observations:

1. Trend Strength:

• HBAR is forming higher lows, maintaining its bullish structure. A move above $0.36000 could reignite buying momentum.

• Long-term MAs (e.g., MA50 at $0.25361) remain supportive of the uptrend.

2. Momentum Indicators:

• RSI levels are cooling off, with RSI(6) at 55.01 and RSI(12) at 63.29, reducing the risk of immediate overbought conditions.

• MACD shows minor weakening in momentum but no clear bearish divergence yet.

3. Support & Resistance:

• Key Support: $0.32000 – This level has acted as a strong base for previous rallies.

• Resistance: $0.36000 – A breakout above this level could lead to a retest of $0.39265.

4. Volume:

• Slightly declining volume suggests reduced trader participation in the current consolidation phase, but no major selling pressure is evident.

⚡ Community Call to Action:

🚨 Long Holders:

• Stay Long: The bullish trend is intact as long as price holds above $0.32000.

• Watch for Breakout: A move above $0.36000 could push HBAR toward its recent high at $0.39265.

❗ Risk Management:

• Set a stop-loss below $0.32000 to minimize downside risk in case of a reversal.

• Monitor volume and RSI for overbought conditions or trend continuation signals.

📢 What’s your outlook on HBAR/USDT? Will it continue to break new highs or consolidate before the next move? Share your analysis and strategies below! 🚀

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