🚀 HBAR/USDT Technical Analysis on Binance – 3 Target Levels to Watch 📊
The Hedera Hashgraph (HBAR) has shown impressive price action recently, gaining +10.79% in the last 24 hours, now trading at $0.06190. Here’s a quick breakdown of the technicals and key levels to watch for in the coming hours:
🔹 Current Price: $0.06190
🔹 24h High: $0.06332
🔹 24h Low: $0.05309
🔹 24h Volume: 857.77M HBAR, 49.16M USDT
Key Support & Resistance Levels:
1. First Target (Resistance): $0.06332
The 24-hour high, sitting at $0.06332, acts as the immediate resistance. A break above this level could signal further bullish momentum, with potential for the next target.
2. Second Target (Mid-range): $0.05994
The $0.05994 level offers solid mid-range support and resistance. This level is crucial for maintaining upward momentum. A bounce from here could help the price consolidate before further upward movement.
3. Third Target (Support): $0.05309
This is a key support level, also marked by the SAR (stop-and-reverse) indicator. If HBAR revisits this level, it could present a strong buying opportunity, with traders looking for a potential reversal or bounce higher.
Trend Overview:
Bullish Sentiment: With a strong 10.79% increase in the past 24 hours and higher highs being printed, HBAR seems to be in an uptrend.
Volume Surge: The increased volume suggests increased interest and could fuel further upward movement if price action remains above the $0.05994 support.