At a current price of $0.24, $HBAR has shown modest gains. It is holding above a key support level of $0.23, demonstrating relative strength amid market volatility.
Technically, the price has formed a cup-and-handle pattern, suggesting potential for upward movement. A breakout above $0.2927 could target the $0.40 resistance level, with a further possibility of reaching $0.50.
Indicator readings are generally favorable; the Parabolic SAR suggests buyer control, and the MACD shows bearish momentum may be weakening. These factors, combined with market speculation around a potential BlackRock ETF, contribute to a positive near-term outlook.
However, a break below support levels would negate this bullish perspective.
