$HBAR

📊 Technical Analysis of HBAR/USDT 🔥

The price of Hedera Hashgraph (HBAR) is at $0.19359, with an increase of +3.05% in the last 24 hours. 📈

🔍 Chart Analysis (4H)

Trend: After hitting a recent low at $0.17897, the price has found support and is consolidating in a sideways range between $0.187 and $0.197.

Key Resistance: The first resistance is at $0.19912. A close above this zone could push the price towards $0.22 - $0.24.

Important Support: The level of $0.17897 is a solid support that has been tested recently. If broken, we could see drops down to $0.17.

📈 Technical Indicators

📊 Moving Averages (MA):

MA(5) is at 46,599,032, showing slight bullish pressure.

MA(10) at 35,879,771 indicates that buying volume is increasing.

📉 MACD:

DIF: 0.00052

DEA: -0.00055

MACD: 0.00108

📢 Imminent bullish crossover, suggesting a possible upward movement.

📊 RSI (Relative Strength Index):

RSI(7): 56.54

RSI(14): 53.25

RSI(21): 50.24

🔥 In neutral-bullish territory, with room for continuation of the momentum.

🎯 Conclusion

The HBAR/USDT pair is showing signs of recovery with increasing volume and a MACD about to cross upward. A close above $0.199 could confirm the continuation of bullish momentum, while losing $0.178 could indicate further decline. 📉📈

📌 Stay alert for upcoming moves, traders! 🚀