$HARD Next target analysis:
For a short-term target analysis (specifically for tonight) on HARD/USDT based on the current chart:
1. Immediate Resistance:
The recent high at 0.1921 is a key resistance level. If the price can break above this level with strong volume, it could push higher, potentially toward the next psychological level around 0.20.
2. Support Levels:
If the price fails to break the 0.1921 resistance, expect a possible retracement.
The immediate support is around the 0.1783 level (last support level before the recent uptrend).
Deeper support levels are around 0.1656 - 0.1742 (near the EMA levels), which could act as strong support zones if a more significant pullback happens.
3. Indicators:
Stochastic RSI and RSI are in overbought regions, which might signal a need for cooling off, either through consolidation or a slight pullback.
If there’s low trading volume tonight, consolidation around the current price level or a slight retracement could occur as traders take profits.
4. Targets:
Bullish Scenario: If it breaks above 0.1921, aim for a target near 0.20 as a psychological resistance. Further upward movement could be limited by overbought conditions.
Bearish Scenario: If the price doesn’t break 0.1921, look for it to revisit 0.1783 as support. A further drop could target the 0.1656 - 0.1742 range if there’s a larger pullback.
Summary: Monitor the 0.1921 resistance level closely. A breakout could set up a push to 0.20, while failure to break it might bring a pullback to 0.1783 or lower.