HBAR Price Prediction As Bears Try To Shift The Momentum
#HBAR Trading Price:- $0.077
According to the chart, HBAR is currently trading at a high resistance level of $0.77. Based on this, I expect to see a retracement from this level, which could potentially result in a 30% retracement from the red box resistance level.
In addition, there appears to be a strong inverse head and shoulder pattern forming on the weekly time frame, which is a bullish indicator for the long-term. However, it is important to note that this will only be valid if there is a breakout above the red neck line resistance area.
If the breakout is successful, the minimum target could potentially be a 128% increase, which would equate to around $0.2. However, it is important to exercise caution, as if the green box support is broken, there is the possibility of seeing another new low/bottom.
Key levels to keep an eye on include support at $0.055/$0.031 and resistance at $0.086/$0.2.
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According to the chart, HBAR is currently trading at a high resistance level of $0.77. Based on this, I expect to see a retracement from this level, which could potentially result in a 30% retracement from the red box resistance level.
In addition, there appears to be a strong inverse head and shoulder pattern forming on the weekly time frame, which is a bullish indicator for the long-term. However, it is important to note that this will only be valid if there is a breakout above the red neck line resistance area.
If the breakout is successful, the minimum target could potentially be a 128% increase, which would equate to around $0.2. However, it is important to exercise caution, as if the green box support is broken, there is the possibility of seeing another new low/bottom.
Key levels to keep an eye on include support at $0.055/$0.031 and resistance at $0.086/$0.2.
If you appreciate my analysis, please like and share it. Also, don't forget to follow me for more high-quality updates. Thank you.
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