IS HBAR READY TO SURPASS $0.10?Bullish Double Bottom Breakout: HBAR's price trend indicates a bullish breakout from a double bottom pattern, contributing to a 13% increase.
Strong Weekly Performance: HBAR has formed 8 bullish candles out of 9 in the weekly chart, showcasing strong upward momentum.
Potential Reach to $0.10: If the ongoing recovery rally continues to gain strength, HBAR's price could potentially hit the $0.10 mark.
Top Altcoin Gainer: HBAR ranks high among the top gainers in the altcoin market, reflecting a robust recovery rally.
36% Hike in 15 Days: The price of HBAR has risen significantly, marking a 36% increase over the past 15 days.
Rounding Bottom Pattern: A rounding bottom pattern with a neckline at $0.09886 indicates a bullish trend continuation.
20% Jump in Daily Chart: The daily chart shows a consistent bullish trend with a 20% jump.
Current Trading Price: HBAR is currently trading at $0.08446, with potential for a short-term retest phase.
Technical Indicators - MACD and RSI: Both the MACD and RSI indicators signal a strong uptrend and a surge in underlying demand.
Potential Retest Before Bull Run: The analysis suggests a possible retest of the $0.075 level before a continued bullish run.
Risk of Correction to $0.060: If the bullish momentum does not sustain, there's a risk of correction dropping to $0.060.