$HBAR

/USDT Bull Run Outlook 💯 💫

Current Price: $0.29412 (+4.09%)

24h High: $0.31000

24h Low: $0.28200

24h Volume (HBAR): 686.56M HBAR

24h Volume (USDT): 202.29M USDT

Key Information

Hedera Hashgraph (HBAR) is a fast-growing Layer 1 blockchain, focused on scalable decentralized applications. The price has been climbing with healthy trading volume, showing potential for further upward movement.

Technical Indicators

1. Bollinger Bands:

Price is near the middle band, indicating consolidation but with potential for a breakout if the upper band is tested.

2. Moving Averages (MA/EMA):

50 EMA: $0.2900 (support level).

200 EMA: $0.3000 (resistance zone).

3. MACD:

Positive crossover on the 30-minute chart, signaling continued bullish momentum.

4. RSI:

RSI around 60, suggesting bullish movement without being overbought.

Trade Strategy 🎯

Entry Zone

$0.2900–$0.2950 (ideal range for entering during consolidation).

Target Levels

1. 🎯 Target 1: $0.3000

First resistance zone, partial profit suggested.

2. 🎯 Target 2: $0.3100

Upper resistance level, consider selling a portion of your position.

3. 🎯 Target 3: $0.3250

Breakout target if momentum sustains.

Stop-Loss

Set at $0.2820 (below recent low) to manage risk.

Pro Tip: Watch for volume confirmation around $0.3000 for a potential breakout. Adjust stop-loss to breakeven once Target 1 is reached for risk-free trading.

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