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$HBAR HBAR/USDT Technical Analysis: Bullish Signals Take the Spotlight đ
Current Price: $0.27435 (-5.26%)
Key Patterns and Insights:
1ïžâŁ Bull Flag Formation (6H Chart):
HBAR/USDT is consolidating within a bullish flag pattern. Typically, this follows a sharp upward move (flagpole) and suggests continuation once the price breaks above the upper trendline.
2ïžâŁ Double Bottom (Smaller Timeframes):
On shorter timeframes, a double bottom pattern is emerging, showing strong buying pressure at lower price levels. This reinforces the likelihood of an upward breakout.
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Technical Levels to Watch:
Resistance (Breakout Point): $0.2800
Immediate Support: $0.2700
Potential Targets Post-Breakout:
Target 1: $0.2950
Target 2: $0.3100
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Market Outlook:
With a confluence of bullish patternsâbull flag and double bottomâHBAR/USDT is flashing strong signals for a potential upward breakout. Traders should monitor volume closely for confirmation and set stop losses below $0.2650 to manage risk effectively.
Trade Smart, Stay Ahead!
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