Expert Opinion: Bullish $HBAR

HBARUSDT 1-hour chart analysis shows a combination of bullish momentum and slight pullback, with price movement stabilizing near key levels. Recent closing prices indicate a minor retracement following a significant upward surge in the market. Notably, the 9-day Exponential Moving Average (EMA) remains above the 20-day EMA, suggesting that short-term momentum still leans bullish.

The MACD indicator further supports this bullish outlook, displaying sustained positive histogram bars, although recent readings indicate a slight weakening of momentum.

Meanwhile, the Relative Strength Index (RSI) has pulled back from overbought territory, suggesting that the market may undergo a brief consolidation phase before deciding on the next movement. The current immediate support level is approximately $0.23499, and breaking the resistance level at $0.24438 could lead to a retest of $0.23989.

Traders considering going long can look for opportunities as the price retraces to around $0.22388, as long as the EMA arrangement remains bullish and the MACD continues to maintain bullish signals. #内容挖矿 Follow me! Get more cryptocurrency news!