Here is the detailed analysis of the $HBAR weekly chart you shared:
š Current Overview
Current Price: $0.28357
Weekly Change: +3.30%
24h High: $0.28650
24h Low: $0.26534
24h Volume: 370.15M HBAR / 102.88M USDT
š Key Technical Indicators
š Moving Averages
MA(7): $0.19941
MA(25): $0.19303
MA(99): $0.12630
ā Price is above all major moving averages, showing strong bullish momentum.
š¹ RSI (Relative Strength Index)
RSI(6): 80.28 ā Overbought zone
RSI(12): 66.91 ā Bullish, but near overbought
RSI(24): 60.70 ā Strong trend building
šŗ RSI above 70 usually signals overbought conditions, so a short-term pullback may happen, but the trend is still strongly bullish.
š Chart Pattern
The recent candle is a strong green breakout candle, confirming a breakout from accumulation.
Resistance from earlier around $0.40139, next key level to watch.
Strong support forming now near $0.258 - $0.265.
š Volume
Volume spike confirms buying interest and strength behind this breakout.
If volume remains high, the rally can continue toward previous highs.
š Key Levels
Type Price Level
š”ļø Support $0.258 / $0.199
šÆ Target 1 $0.34 ā $0.36
šÆ Target 2 $0.40 (major resistance)
šØ Stop Loss Below $0.248
š Prediction (Next 1ā2 Weeks)
Bullish Trend likely to continue if volume sustains.
Pullbacks toward $0.26ā$0.27 are possible but may be good buy zones.
Short-term target: $0.34+
If it breaks and holds above $0.40 ā next leg could target $0.45ā$0.50 in a bullish market.
ā Summary:
Trend: Bullish
Momentum: Strong
RSI: Overbought ā monitor for short-term dips
Opportunity: Dips toward $0.26ā$0.27 can offer entry, targets $0.34 and $0.40+