$HBAR has made a remarkable journey with an 850% surge in just a month, followed by a healthy correction phase. After retracing over 35% from its local peak, HBAR has managed to recover and establish a new local high at $0.4, showing strong bullish momentum. Hereโ€™s a breakdown of where it stands and where it might be heading:


Current Price Dynamics:



  • HBAR seems to have formed its local bottom and is now preparing for a possible breakout to higher levels.


  • Itโ€™s entering a critical resistance zone between $0.4โ€“$0.575, near its All-Time High (ATH).


  • Overcoming this resistance will require significant buying pressure, but the bullish sentiment in the market suggests that a breakout is within reach.


Market Sentiment and Hype:



  • As HBAR gains increasing attention due to its technological advancements and ecosystem growth, thereโ€™s a strong chance of the token reaching a new ATH in the coming months.


Entry Points and Strategy:



  • For those who missed the previous correction, consider waiting for another potential retracement around the $0.3 level, which could serve as a solid entry point.


  • From there, targeting above $0.6 seems realistic, considering the bullish outlook and market conditions.


Key Levels to Watch:



  • Resistance: $0.4 โ€“ $0.575 (ATH)


  • Support: $0.3 (retracement level)


  • Target: $0.6 and beyond


Actionable Strategy:



  • If you are looking to enter, wait for a pullback to $0.3 or closer, and then aim for targeting $0.6 as the next resistance zone.


๐Ÿ”‘ Pro Tip: If the price consolidates above $0.4, it will be a strong sign to go long and aim for higher targets.


Letโ€™s keep an eye on this one! HBAR is showing massive potential. ๐Ÿš€


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