$HBAR HBAR/USDT: Bullish Target Estimation
🔍 Key Observations:
1. Price Action: The current price is $0.15179 (-1.72%), showing a small pullback after a significant bullish rally.
2. Volume: High buy volume during the rally indicates strong market interest.
3. RSI Levels:
• RSI(6): 78.72, suggesting slight overbought conditions but momentum remains strong.
• RSI(24): 76.83, signaling room for further upside before exhaustion.
4. MACD: Positive divergence with increasing bullish momentum, indicating continuation of the uptrend.
5. OBV: Increasing sharply, confirming strong buying pressure.
🎯 Bullish Target Zones:
• Immediate Resistance: $0.1685 (recent high).
• Mid-Term Target: $0.1750 (psychological level with historical significance).
• Extended Target: $0.1900 (long-term Fibonacci extension and volume cluster zone).
📈 Actionable Insights:
• If the price holds above the $0.1500 support, a breakout toward the $0.1685-$0.1750 range is highly probable.
• A decisive close above $0.1685 could lead to rapid gains toward $0.1900.
🚀 Recommendation:
• Entry: Long near current levels ($0.1517-$0.1520) or on pullbacks to $0.1500-$0.1480.
• Stop Loss: Below $0.1450 to minimize risk.
• Targets:
1. $0.1685 (short-term).
2. $0.1750 (mid-term).
3. $0.1900 (extended).
Conclusion: The bullish momentum is intact, and the potential targets offer excellent reward-to-risk opportunities for traders.