Analysis of the current price action of $HBAR

On the daily timeframe, HBAR is above the 200-day EMA, which currently serves as a key support level that the bulls need to maintain to continue the upward momentum. Besides, the price also traded slightly above the 100-day EMA, indicating medium-term support. However, this close approach to the EMA indicates potential volatility and highlights the importance of maintaining this level to avoid further downside risks.

Hedera's weekly outlook

On the weekly timeframe, Long-term support levels include $0.067 and $0.073, which have historically acted as strong support, preventing further decline. Further resistance levels to watch are at $0.162, with a potential price ceiling at $0.198 and a major hurdle at $0.241. These levels are more important on the daily chart due to their long-term significance, providing more reliable signals to traders and investors.

Analyze support and resistance levels

The key resistance levels for the HBAR/USDT pair are $0.124, $0.118, and $0.107. These levels represent significant barriers where the price could encounter selling pressure. On the support side, the important levels to watch are $0.099, $0.090, and $0.085. These levels are essential as they indicate where the price can find buying interest and potentially recover.

Strategic recommendations

Hedera's current outlook is down to neutral over the medium term. If the price tests the daily Ichimoku cloud on the upside, this could trigger a bearish to bullish move and potentially reach the key resistance level at $0.162.