🚨 $HBAR /USDT: Consolidation After Rejection! Key Levels to Watch! 🚨
$HBAR is trading at $0.33014, down 2.54% in the last 24 hours. The price faced resistance at $0.35098, resulting in a pullback near support. Momentum appears to be neutral, but a breakout could be imminent.
Key Levels to Watch
Resistance:
$0.33588 – Immediate hurdle; a break above could signal bullish momentum.
$0.35098 – Major resistance to confirm a strong upward trend.
Support:
$0.32554 – Key support; losing this level may lead to further downside.
$0.31225 – Critical support to watch for potential bounce.
Trade Setup
Long Entry: Above $0.33588
Targets:
1. $0.34200
2. $0.35098
Stop Loss: Below $0.32554
Short Entry: Below $0.32554
Targets:
1. $0.32000
2. $0.31225
Stop Loss: Above $0.33588
Market Insight
The RSI at 40.69 indicates weakening momentum, and the MACD shows minor bearish crossover. Volume needs to pick up for a decisive move.
#HBAR #CryptoAnalysis #Write2Earn!