$HBAR 👌
Market Analysis:
The market is currently in a consolidation phase.
(Consolidation)،
Where the price mainly fluctuates in the range of 0.14-0.145.
Key points:
Previous market movement:
On November 22 at 21:00, a large bullish candle appeared that broke through the resistance, with a trading volume of 3.479 million units.
Later, a Double Top pattern formed, leading to a correction in the price.
Support and resistance levels
Main support: 0.135 and 0.138.
Primary resistance: 0.145.
3. Technical signals:
MACD:
It is still pointing to a golden cross (DIF: 0.001489, DEA: 0.0007245), but the bullish momentum is gradually weakening.
Trading volume:
It has fallen significantly from the peak of 271,000 units, reflecting increased caution among traders.
Moving averages:Short-term moving average (0.1446) formeddead end
With the long-term average (0.1411), indicating the possibility of the accumulation phase continuing.
Recommendation:
Investors are advised to be cautious and wait for a clear signal of a breakout of the current range (either up or down).
Before making any trading decisions.