🚀 Technical update: HBAR coin explodes on the daily timeframe and breaks through the 200 EMA!
The #HBAR coin (Hedera network backed by Google and IBM) saw a very strong bullish move on the daily chart, and a major technical breakout that is completely different from the coin’s usual trend.
📊 Quick read of the current chart:
Current price: The price is trading with high buying momentum around the level of 0.0922$.
Strategic breakout: The price managed to surpass the 200 moving average (the green line at 0.086$) with a strong engulfing candle, which turns the trend bullish for the medium term.
Technical indicators: The MACD indicator shows an upward positive crossover above the zero line (complete control by buyers). Meanwhile, the RSI is nearing overbought zones, which may require a slight cooldown or a retest before continuing the upward move.
🎯 Next levels to watch:
Resistance and next target: The previous top shown on the chart at 0.1099$.
Main support: 0.086$ levels (the current safety line to maintain positivity).
💡 Trading tip: The move is very positive, but it’s always better not to enter with full liquidity at the peaks of explosive candles, and to wait for any slight pullback to confirm support.
🌞💵 #hedera #BİNANCE #technicalanalyst $HBAR
$HBAR
The #HBAR coin (Hedera network backed by Google and IBM) saw a very strong bullish move on the daily chart, and a major technical breakout that is completely different from the coin’s usual trend.
📊 Quick read of the current chart:
Current price: The price is trading with high buying momentum around the level of 0.0922$.
Strategic breakout: The price managed to surpass the 200 moving average (the green line at 0.086$) with a strong engulfing candle, which turns the trend bullish for the medium term.
Technical indicators: The MACD indicator shows an upward positive crossover above the zero line (complete control by buyers). Meanwhile, the RSI is nearing overbought zones, which may require a slight cooldown or a retest before continuing the upward move.
🎯 Next levels to watch:
Resistance and next target: The previous top shown on the chart at 0.1099$.
Main support: 0.086$ levels (the current safety line to maintain positivity).
💡 Trading tip: The move is very positive, but it’s always better not to enter with full liquidity at the peaks of explosive candles, and to wait for any slight pullback to confirm support.
🌞💵 #hedera #BİNANCE #technicalanalyst $HBAR
$HBAR
