$HBAR


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This is not financial advice! Investments are made at your own risk.


Based on the charts (weekly, daily, and 4-hour views) and the assumption that we are in a bull market and at the beginning of the altcoin season, a potential price forecast for HBAR can be formulated.

If you want other coins analyzed, write it in the comments.


Analysis and forecast for HBAR

Current analysis based on the provided charts:

  1. 1-Hour Chart (1H):

    • The price is in a short-term consolidation phase after a slight recent decline.

    • RSI (Relative Strength Index): At 36, indicating an oversold situation. A short-term recovery is likely.

    • The MA (Moving Average) indicates that HBAR is moving below the moving average, signaling short-term weakness.

  2. 4-Hour Chart (4H):

    • The price has recovered from a low and is in a higher low setup, which is potentially bullish.

    • RSI: At 83, indicating short-term overbought conditions, and a consolidation may be imminent.

    • MACD: Shows continued bullish momentum, but strength may soon decrease.

  3. Weekly Chart (1W):

    • The weekly chart shows a strong increase with a clear upward momentum.

    • RSI: With a value of 75.52, the market is strongly overbought, which could indicate a short-term correction.

    • Long-term support is around $0.22, while resistance is around $0.35–0.40.

      Forecast:

  1. Short-term goals (1–2 weeks):

    • Testing resistance at $0.35–0.40.

    • Support at $0.30 should hold. If not, $0.25 (Fibonacci 0.382) would be the next target.

  2. Medium-term goals (1–2 months):

    • A breakthrough above $0.40 could drive the price to $0.50–0.60 (Fibonacci extension & Wave 5).

    • A correction to $0.25 is possible if the current momentum loses strength.

  3. Long-term goals (end of bull market):

    • If the bull market continues, HBAR could potentially reach $0.70–0.80, based on historical movements and Fibonacci extensions.

Conclusion:

  • Short-term bullish, but be cautious of short-term overbought conditions.

  • Medium-term optimistic, with targets at $0.50–0.60, depending on a successful breakout above $0.40.

  • In the long term, HBAR could experience significant growth if the altcoin market continues to show positive momentum.