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Good morning, how are you my dear ones,
This is an analysis of HBAR | ʘ‿ʘ
Current price: 0.1666 USDT
Time frame used: Weekly (long-term outlook)
Technical outlook:
- The price is currently trading above a **strong historical support level** at 0.1650, which is the same level that formed resistance in mid-2021.
- The RSI indicator is at 39, which means that the price is close to the oversold area, and a rebound is likely.
- We notice a **clear accumulation** in price with weakness in selling momentum, which supports the possibility of a positive reversal in the coming weeks.
Positive scenario (preferred):
- If the price holds above 0.1650 and confirms with a weekly reversal candle, we anticipate a gradual rise towards the levels:
- 0.23 as the first resistance
- 0.35 - 0.57 as medium to long-term future targets
Negative scenario:
- A clear break and weekly close below 0.1650 could bring the price back to lower areas (like 0.12 or even 0.10).
Proposed entry strategy:
- **Entry:** After a confirming reversal candle above 0.1650
- **First target:** 0.23
- **Second target:** 0.35
- **Third target:** 0.57
- **Stop loss:** Weekly close below 0.1600
Proposed investment ratio: 3% to 5% of the portfolio for long-term investors
(The leverage on the ratio is possible if additional upward confirmations appear)
Note: This analysis is not a financial recommendation, but a technical opinion based on current data. Capital management is more important than any analysis.
