#HBAR

📊 Quick Analysis of HBAR (Hedera)

Current Price: $0.235

Daily Range: $0.225 – $0.235

Trend: Slight correction after a 4% rally on September 9

🔧 Technical Analysis (IKONOS)

Technical Indicators: RSI surpassing 50 and 20-day EMA indicating bullish momentum

Catalysts: Grayscale Hedera Trust presentation and rumors of ETF on Nasdaq

Orders and On-Chain: Positive institutional flows and accumulation at current levels

Key Support: $0.21

Key Resistance: $0.26

🚀 Short-Term Projection

Bullish Target: Possible rally towards $0.276 if demand increases

Downside Risk: Potential correction towards $0.212 if selling pressure persists

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✅ Summary

HBAR shows positive technical signals with bullish momentum backed by institutional flows. However, it is crucial to monitor selling pressure and potential corrections in the short term.