Let's take a close look at the $BAR /USDT chart right now. It's been an interesting period! We've seen a strong recovery recently, pushing the price up significantly, currently showing over +7% gain in the last 24 hours. The price is sitting around the 2.328 level.
Looking at the technicals, the MACD indicator seems to be confirming this bullish momentum with a clear crossover, suggesting potential for continued upward movement. The price is testing levels near the upper Bollinger Band on shorter timeframes, which indicates strength but also something to watch for potential short-term resistance.
After the recent dip, this rally shows good buying interest. Key areas to watch would be maintaining above recent support levels and breaking through any overhead resistance.
What are your expectations for BAR/USDT in the coming hours or days? Are you bullish on this recovery? Share your analysis below! 👇
