HBAR Analysis and Future Outlook

17 Jan

Hello, Traders!

The HBAR price demonstrated an impressive rally, surging by 850% in just one month, followed by a natural correction phase. After retracing over 35% from its local top, HBAR managed to recover all losses and established a new local high at the $0.4 level, showcasing strong bullish momentum.

Current Price Dynamics:
It appears that HBAR has already formed its local bottom, and the price is preparing for a potential breakout to higher levels.
However, it has now entered a critical resistance zone ranging from $0.4 to its ATH, which currently stands at $0.575.
Breaking through this zone will require significant buying pressure, but the token recent performance suggests that the market sentiment remains highly optimistic.

Market Sentiment and Hype:
With increasing hype and attention around HBAR, driven by its technological advancements and ecosystem developments, there's a high probability of the token achieving a new ATH within the next couple of months.

Entry Points and Strategy:
For those who missed the previous correction phase, it's advisable to wait for another potential retracement around the $0.3 level, which could provide a solid entry point.
From there, setting targets above $0.6 would be a realistic strategy, given the current bullish outlook and market conditions.

Key Levels to Watch:
- Resistance: $0.4–$0.575 (ATH)
- Support: $0.3 (potential retracement)
- Target: $0.6 and beyond

Please don’t forget to boost this idea and leave your comments below.

7 Feb

Catatan

After dropping below the support area currently HBAR price is trying to reclaim it back.
We have to wait and see if price manages to close the weekly candle above or within the support area which will be crucial for the continuation of the uptrend.
Not all lost for HBAR and other alts despite the recent crash.
We have to wait and see for a couple weeks if the price manages to recover.