$HBAR HBAR/USDT Analysis Update (4H Chart)
Key Metrics:
• Price: $0.14715 (+3.66%)
• 24H Range: $0.13672 - $0.1477
• Volume (24H): 884.05M HBAR
• Market Momentum: Recovery with bullish tendencies.
Chart Observations:
1. Price Movement:
• Price is pushing upward and is approaching the 24H high of $0.1477. This suggests strong bullish momentum in the short term.
2. Moving Averages (MAs):
• MA(5): $0.14128 (price is above, showing bullish alignment).
• MA(10): $0.14156 (crossed over, indicating upward momentum).
• MA(25): $0.13970 (providing mid-term support).
• MA(50): $0.13878 (serving as a key bullish breakout level).
3. RSI Levels:
• RSI(6): 69.61 (approaching overbought).
• RSI(12): 59.67 (moderate bullish momentum).
• RSI(24): 56.99 (neutral, moving toward bullish).
4. MACD:
• DIF and DEA are trending positively, confirming bullish momentum. The histogram is growing in the green, signaling strength.
5. Volume:
• Increased volume in the last 4H candles supports the bullish move.
Scenarios to Monitor:
Bullish Scenario:
• Trigger: Breakout above $0.1480 (current resistance).
• Targets:
• $0.1500 (psychological level).
• $0.1550 (previous major resistance).
Bearish Scenario:
• Trigger: Break below $0.1400 (MA(25) and short-term support).
• Targets:
• $0.1380 (MA(50)).
• $0.1350 (recent swing low).
Trading Strategy:
Long Entry:
• Entry Price: Above $0.1480
• Stop Loss: Below $0.1400
• Targets: $0.1500, $0.1550
Short Entry:
• Entry Price: Below $0.1400
• Stop Loss: Above $0.1450
• Targets: $0.1380, $0.1350
Summary:
HBAR/USDT is showing clear bullish momentum on the 4H chart. A breakout above $0.1480 could trigger further upward movement. However, if it fails to hold $0.1400, it could re-enter consolidation or retest lower supports.