HBAR Crypto Displays Bullish Momentum with Upward Moving Averages and RSI

The $HBAR crypto has shown a mix of stability and potential upward momentum on the 4-hour chart. Closing prices in the recent sessions have steadily increased from $0.0806 to $0.0838, suggesting a gradual uptrend. This trend aligns with the behavior of the 9 and 20 Exponential Moving Averages (EMAs), which are also trending upwards. The 9 EMA has consistently remained above the 20 EMA, indicating short-term bullish sentiment.

HBAR’s Moving Average Convergence Divergence (MACD) values reveal a positive histogram, which is expanding, indicating a bullish crossover. This momentum suggests a potential continuation of the upward trend. The MACD line's movement closer to the signal line further supports the possibility of a bullish phase as it nears positive territory.

The Relative Strength Index (RSI) has increased from approximately 46.77 to 56.61, moving from neutral to slightly bullish territory. This rise in RSI indicates growing buying pressure, which could push the prices higher if sustained.

Potential movements in the #HBAR crypto should be observed around key resistance and support levels. The first significant resistance level is at $0.0864. A successful breakout above this level could pave the way for further gains, with $0.0868 acting as a secondary resistance point, potentially slowing down upward momentum. If the bullish trend continues, the price might target $0.0896, representing a critical resistance point where a strong breakout could signal a more substantial bullish trend.

On the downside, if the price retraces, $0.0767 will likely serve as the first line of support. A dip below this level could see the price testing the slightly lower support level at $0.0765. The crucial support zone at $0.0756 could indicate a reversal to a bearish trend if the price falls below it. #BullorBear #TrendingInvestments #altcoins
The full analysis and trade strategy were originally posted on ecoinimist.com.