A naukri.com initiative
TronWeekly
2w
418
Image Credit: TronWeekly
Hedera (HBAR) Price Near $0.15 Signals Possible Trend Reversal Amidst Downtrend
- HBAR rebounds from $0.12 and tests resistance between $0.15 and $0.17.
- A breakout above $0.17 could open the path to $0.20 and $0.33.
- Moving averages indicate a downtrend, but momentum is shifting.
- Increased volume and SMA crossovers may confirm a bullish reversal.
- Recent price action near $0.15 signals potential trend reversal as buyers support key levels.
- Recent movement toward resistance zones indicates growing interest that may initiate a bullish reversal.
- Short-term SMAs are below longer-term SMAs, reflecting selling pressure.
- HBAR is near critical resistance at $0.15 to $0.17, a break above which could reverse bearish momentum.
- Clearing $0.15 and $0.17 resistance levels could lead to higher targets at $0.20 and $0.33.
- Volume increases and moving average crossovers could confirm the bullish reversal.
- Maintaining price above moving averages would support upward momentum.
- Battle between buyers and sellers around $0.15 may result in a bullish breakout.
- Successful breach of immediate resistance could set the stage for recovery and higher price targets.
- Analysts predict a major rebound for HBAR despite recent price drop.
Read Full Article
25 Likes
For uninterrupted reading, download the app