$HBAR /USDT shows promising signs of a potential rally as it moves within a descending channel on the 1-hour timeframe. The price recently bounced off strong support at $0.2961, signaling a possible upward trajectory. Additionally, the RSI indicator is approaching a breakout from its downtrend, further bolstering bullish sentiment.
With HBAR stabilizing above the 100-period moving average, the entry price at $0.3065 offers a favorable setup. Short-term targets include $0.3138, followed by $0.3250, and an extended goal of $0.3385.
Traders should monitor RSI closely for confirmation and keep an eye on key support levels.
