technical analysis and trade signal for $HBAR /USDT:๐ฅ๐๐๐
๐๐๐๐Current Price: $0.29920 (up by 3.59% in the last 24 hours)
Trend: The overall trend appears to be bullish, with HBAR showing upward momentum in the last 24 hours. A clear resistance zone is forming around $0.31174, while the support is at $0.27581.
RSI (Relative Strength Index): RSI seems to be in the neutral zone, suggesting room for further upward movement but without being overbought yet.
MACD: The MACD indicator is showing a bullish crossover, suggesting that momentum is favoring buyers.
Volume: Trading volume has been relatively high at 869.34M HBAR, supporting the bullish move.
Key Levels:
Resistance Levels:
1. $0.31174 โ Strong resistance (24h High).
2. $0.32000 โ Psychological level, if broken, could signal further upside.
3. $0.33000 โ Next major resistance level.
Support Levels:
1. $0.27581 โ 24h Low, key support for the bullish structure.
2. $0.26500 โ Additional support if price retraces.
3. $0.25500 โ Strong support region.
Trade Signal:
Trade Type: Long (Buy)
Entry Point: Around $0.29920
Target Levels:
1. Target 1: $0.31174 (first resistance, potential exit or partial take-profit).
2. Target 2: $0.32000 (stronger resistance, more upside potential).
3. Target 3: $0.33000 (next major resistance level, final target).
Stop Loss: Place a stop loss around $0.27581 (24h Low) to limit risk.
Momentum:
The market is showing bullish momentum with a strong increase in volume and upward price movement in the last 24 hours.
Momentum indicators like MACD and volume suggest that buyers are in control.
Suggested Action: Enter at current price ($0.29920) with the targets mentioned above. Adjust the stop loss as necessary to protect your position.