We’re in an interesting consolidation phase for HBAR/USDT, showing signs of potential bullish continuation or bearish rejection. Let’s break it down:
1. Bullish Continuation (Accumulation Curve) 🟢
The price action suggests a rounded bottom or ascending structure forming, hinting at growing buying pressure.
A breakout above $0.309 (38.2% Fibonacci level) with strong volume could signal the continuation of an uptrend.
2. Volume Compression (Calling for a Move) 📉📈
The narrowing range between the blue lines shows reduced volatility aka market changes. This usually precedes a strong move.
A breakout above the upper blue line (toward $0.309) could lead to bullish move, while a break below the lower blue line might trigger bears.
3. Bearish Rejection Potential 🔴
If the price tests the upper blue line = but fails to break through, it could result in a double-top rejection near $0.309.
Double top is one of indicators that tells that sellers are pushing, leading to a potential drop.
Key Levels to Watch
< Above $0.309: Bullish breakout with the possibility of momentum toward higher levels. 🚀
> Below $0.303: Bearish breakdown, possibly targeting the $0.290 zone.
This consolidation phase is boring, this is the time, when the market gets ammo for its next move. Keep an eye on volume spikes or clear candle patterns for confirmation. 👀