$HBAR HBAR/USDT: Signs of a Bullish Continuation 🚀

HBAR is showing promising signs for a bullish continuation. Here’s why now might be the time to reinforce your long position and aim for higher targets:

Technical Signals

1. Key Support Holding Strong:

• The price is consolidating around $0.3298, which aligns with the MA5 and MA10 on the 1H chart. This suggests solid buying interest at this level.

2. MACD Bullish Crossover:

• The MACD indicator is showing early signs of a bullish crossover, indicating a potential upward move in momentum.

3. RSI in Neutral Zone:

• The RSI sits at 51, providing room for further upward movement without entering overbought territory.

4. Volume Trends:

• Although slightly decreased, the volume remains supportive, indicating sustained interest in HBAR.

5. EMA Alignment:

• The shorter EMAs (5 and 10) are above the longer-term ones, signaling a bullish trend continuation.

Fundamental Support

• Hedera’s Ecosystem continues to expand with real-world use cases.

• Institutional adoption and collaborations keep strengthening its position in the crypto market.

Next Levels to Watch

• Immediate resistance: $0.35

• Breakout target: $0.40

• December goal: $1

Strategy

• Hold your long positions.

• Add to your position if the price confirms a breakout above $0.35.

• Maintain a stop-loss below $0.31 to manage risk.

HBAR’s setup looks strong for a bullish continuation. Stay confident and aim for the moon! 🌕 What’s your strategy? Let’s discuss below!