$HBAR #hbar HBAR (Hedera) is a blockchain platform using Hashgraph technology, notable for its fast transaction processing speed, low fees, and high scalability. Developed by a highly experienced team and supported by major partners, HBAR has recorded many strong growth phases in its history, often occurring with important technological updates or the launch of strategic partnerships. However, HBAR has also gone through many strong correction cycles, reflecting the high volatility nature of the market.
HBAR/USDT is currently trading at 0.26493 USD, up 4.65% in the past 24 hours. The highest and lowest prices of the day are 0.27304 USD and 0.24379 USD, respectively. The trading volume reached 617.34 million HBAR (equivalent to 161.49 million USD). Currently, HBAR is approaching the important resistance zone of 0.27-0.30 USD, where the price has faced strong resistance in the past and has not been able to break through sustainably.
Based on previous peaks and troughs, it can be seen that HBAR has reached notable high levels such as:
Peak 0.39 USD (near the old peak): This is the price range that HBAR could not maintain during subsequent strong corrections.
Peak 0.27 USD: This is an important resistance level that HBAR is currently trying to overcome, which has recorded large selling volumes every time the price approaches this area.
Recent trough of 0.09 USD: This is the strongest support area in the down cycles, where the price previously touched before bouncing back, indicating significant investor interest in the low price area.
Currently, if HBAR cannot surpass the resistance zone of 0.27-0.30 USD, the price may return to test nearer support areas such as 0.24 USD or deeper at 0.18 USD. In case of breaking through this resistance zone with high trading volume, HBAR may aim for higher targets such as 0.35 USD or even re-test the peak level of 0.39 USD.
Long-term investors should note that HBAR's history shows strong fluctuations at peak and trough levels. To avoid the risk of capital being stuck, investors should divide their capital into several portions for investment:
20-30% of capital at the current range of 0.26-0.27 USD if the price continues to maintain its upward momentum with high trading volumes.
20-30% of capital at the support level of 0.24 USD if the price corrects back here.
Retain 40-50% of capital to wait for clearer signals when the price breaks through the resistance area of 0.30 USD or deeply corrects to lower support zones, such as 0.18 USD.
History shows that strong price increases of HBAR are often accompanied by breakthroughs through important resistance levels. However, if it fails to break through, the price may correct deeply, resulting in capital being stuck. Therefore, investors need to be patient, manage their capital effectively, and closely monitor trading volumes to make appropriate decisions.
