Double Bottom Breakout: HBAR has shown a bullish breakout from a double bottom pattern, but market conditions have delayed the anticipated rally.
Seller Activity at $0.075: Active sellers around the $0.075 level are controlling the breakout rally and signaling a potential reversal.
Potential to Reach $0.10: If the breakout rally gains momentum, HBAR prices might ascend to the $0.10 mark.
Stagnation Below $0.075: Despite a bullish pattern, HBAR's price is stagnating below the $0.075 threshold due to current market dynamics.
Impact of Bitcoin's Pullback: The recent pullback in Bitcoin to $40K is influencing altcoin markets, including HBAR, leading to increased FUD (Fear, Uncertainty, Doubt) among investors.
60% Increase in 60 Days: HBAR has seen a significant 60% increase within two months, reclaiming the $0.070 level.
Consolidation Post-Breakout: HBAR is currently consolidating below the $0.075 level, despite the double-bottom breakout.
Current Trading Price: HBAR is trading at $0.073, with a notable intraday decline.
Technical Indicators - MACD and EMAs: The MACD indicates a struggling bullish gap, while the golden crossover in EMAs may offer dynamic support.
Challenge of Sustaining Above $0.075: Sustaining the breakout rally above $0.075 remains a challenge for HBAR.
Risk of Falling to $0.060: Without bullish dominance, there's a possibility of HBAR's price dropping to $0.060.
Seller Activity at $0.075: Active sellers around the $0.075 level are controlling the breakout rally and signaling a potential reversal.
Potential to Reach $0.10: If the breakout rally gains momentum, HBAR prices might ascend to the $0.10 mark.
Stagnation Below $0.075: Despite a bullish pattern, HBAR's price is stagnating below the $0.075 threshold due to current market dynamics.
Impact of Bitcoin's Pullback: The recent pullback in Bitcoin to $40K is influencing altcoin markets, including HBAR, leading to increased FUD (Fear, Uncertainty, Doubt) among investors.
60% Increase in 60 Days: HBAR has seen a significant 60% increase within two months, reclaiming the $0.070 level.
Consolidation Post-Breakout: HBAR is currently consolidating below the $0.075 level, despite the double-bottom breakout.
Current Trading Price: HBAR is trading at $0.073, with a notable intraday decline.
Technical Indicators - MACD and EMAs: The MACD indicates a struggling bullish gap, while the golden crossover in EMAs may offer dynamic support.
Challenge of Sustaining Above $0.075: Sustaining the breakout rally above $0.075 remains a challenge for HBAR.
Risk of Falling to $0.060: Without bullish dominance, there's a possibility of HBAR's price dropping to $0.060.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.