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HBAR Up 5% – Continuation Above $0.151 or Pullback to $0.148?
- HBAR price is up 5%, facing a decision between continuing above $0.151 or pulling back to $0.148, with key indicators under scrutiny.
- The breakout above $0.14725 signal a potential transition to a recovery phase, with successive higher highs and higher lows.
- However, the rejection at $0.15163 led to a pullback below $0.149, testing support levels and signaling a potential corrective phase.
- EMA indicators like EMA-20 and EMA-50 are being watched closely for signs of a short-term impulse failure or validation of the uptrend.
- RSI corrected from overbought levels, indicating a shift in market sentiment from overheated-bullish to neutral-corrective.
- Key Fibonacci levels like 0.236 and 0.382 are critical for determining the direction of HBAR’s price movement.
- The market sentiment remains uncertain, requiring close monitoring of RSI above 50 and price above key support levels for the recovery to persist.
- Potential bullish scenarios include a move above $0.1499 with RSI recovery, targeting higher resistance levels.
- Potential bearish scenarios involve breaking below 0.382 with RSI falling, targeting lower support levels.
- Potential entry and stop levels are identified around $0.1489–$0.1499 and key EMA levels for traders.
- The market is at a critical juncture, with the $0.1489–$0.1499 zone pivotal in determining the continuation of the current structure or a shift into corrective territory.
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