$HBAR is targeting continued growth
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Hedera is trading at $0.09641, extending a strong bullish phase after reclaiming all of its main Exponential Moving Averages (EMAs), strengthening the constructive short-term tone.
📈The Moving Average Convergence Divergence (MACD) indicator remains positive with a rising histogram, while the Relative Strength Index (RSI) at 78 is in the overbought zone, indicating that upward momentum is still strong but beginning to broaden.
⛔On the downside, early support is seen at the 200-day EMA near $0.0862, with secondary demand concentrated around the SuperTrend at $0.0793 and the 100-day and 50-day EMAs at $0.0772 and $0.0769, respectively.
As long as HBAR holds above these support levels, the broader bullish bias is likely to remain intact, even though the high RSI suggests that further gains from the current level may be followed by a corrective pullback toward the support band $0.0860-$0.0790.
✴️However, HBAR is still capped within a wider picture, as it remains below the 50-week, 100-week, and 200-week EMAs at $0.1029, $0.1195, and $0.1244, respectively—keeping the short-term bias bearish despite the recent rebound.
➡️Immediate attention is focused on the latest pivot around the current price zone, while deeper support lies at the prior breakout of the downsloping resistance trendline near $0.0779, and then at the SuperTrend baseline around $0.0568, where buyers are expected to show stronger interest if bearish pressure returns.
#AIStocksWhatNext #BNBMarketCapPassesBNYMellon $PePe $SOPH
‼️‼️‼️
Hedera is trading at $0.09641, extending a strong bullish phase after reclaiming all of its main Exponential Moving Averages (EMAs), strengthening the constructive short-term tone.
📈The Moving Average Convergence Divergence (MACD) indicator remains positive with a rising histogram, while the Relative Strength Index (RSI) at 78 is in the overbought zone, indicating that upward momentum is still strong but beginning to broaden.
⛔On the downside, early support is seen at the 200-day EMA near $0.0862, with secondary demand concentrated around the SuperTrend at $0.0793 and the 100-day and 50-day EMAs at $0.0772 and $0.0769, respectively.
As long as HBAR holds above these support levels, the broader bullish bias is likely to remain intact, even though the high RSI suggests that further gains from the current level may be followed by a corrective pullback toward the support band $0.0860-$0.0790.
✴️However, HBAR is still capped within a wider picture, as it remains below the 50-week, 100-week, and 200-week EMAs at $0.1029, $0.1195, and $0.1244, respectively—keeping the short-term bias bearish despite the recent rebound.
➡️Immediate attention is focused on the latest pivot around the current price zone, while deeper support lies at the prior breakout of the downsloping resistance trendline near $0.0779, and then at the SuperTrend baseline around $0.0568, where buyers are expected to show stronger interest if bearish pressure returns.
#AIStocksWhatNext #BNBMarketCapPassesBNYMellon $PePe $SOPH
