HBAR/USDT Technical Analysis – Price Action & Key Targets 🚀
The HBAR/USDT pair has been showing bullish momentum over the past 24 hours, increasing by +12.84% and currently trading at $0.06689. Here’s a detailed breakdown of the technical outlook and key targets to watch.
Current Price Action:
Current Price: $0.06689
24h High: $0.06799
24h Low: $0.05852
24h Volume: 1.18B HBAR traded
Trend: Bullish (+12.84%)
Technical Indicators:
SAR (Stop and Reverse): 0.06302 (indicating a potential trend reversal or support level)
Key Resistance: $0.06799 (near 24h high, key level to break)
Key Support: $0.05852 (24h low, a critical level to watch for potential pullbacks)
Targets to Watch 🎯:
1. Target 1: $0.07000
Why? A key psychological resistance point and a level that could be tested if the bullish momentum continues. Breaking through this level would confirm further upside potential.
2. Target 2: $0.07350
Why? Next significant resistance based on recent price action, and aligning with previous highs. This level could be a more challenging barrier for bulls, requiring strong buying pressure.
3. Target 3: $0.08000
Why? If the bullish trend continues past $0.07350, the $0.08000 level could be the next significant target. This would likely take the price into a new trading range and open up further upside potential.
