This image is a price chart for the HBAR/USDT (Hedera) trading pair on a 4-hour time frame (4h). Below are some comments:
1. Strong Growth:
• The current price is 0.35383 USDT, up 23.44%, indicating a strong price increase in this time frame.
2. Key Price Levels:
• Resistance Level: It seems that the price has approached the resistance area around 0.39480 USDT before a slight correction. This is the price level where selling pressure increases, causing downward pressure.
• Previous Support: The support level is at 0.30000 USDT, where the price has bounced back.
3. ATH and Expectations:
• The poster mentioned a previous ATH (All-Time High) of HBAR at 0.5 USDT. This could be the next target price if the upward trend continues.
4. Context:
• The mention of hashtags like #Hedera, #Starlink, #ISO20022 may imply the connection of HBAR with payment standards (ISO20022) or other technology projects.
Analysis:
If the price continues to maintain above the support level of 0.30000 USDT, there is a high possibility that the price will attempt to break the resistance at 0.39480 USDT to move towards the target of 0.5 USDT. However, it is important to consider market volatility and other fundamental factors.
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