Is HBAR Ready To Ignite The Breakout Rally to $0.10?

Double Bottom Breakout: HBAR has shown a bullish breakout from a double bottom pattern, but market conditions have delayed the anticipated rally.

Seller Activity at $0.075: Active sellers around the $0.075 level are controlling the breakout rally and signaling a potential reversal.

Potential to Reach $0.10: If the breakout rally gains momentum, HBAR prices might ascend to the $0.10 mark.

Stagnation Below $0.075: Despite a bullish pattern, HBAR's price is stagnating below the $0.075 threshold due to current market dynamics.

Impact of Bitcoin's Pullback: The recent pullback in Bitcoin to $40K is influencing altcoin markets, including HBAR, leading to increased FUD (Fear, Uncertainty, Doubt) among investors.

60% Increase in 60 Days: HBAR has seen a significant 60% increase within two months, reclaiming the $0.070 level.

Consolidation Post-Breakout: HBAR is currently consolidating below the $0.075 level, despite the double-bottom breakout.

Current Trading Price: HBAR is trading at $0.073, with a notable intraday decline.

Technical Indicators - MACD and EMAs: The MACD indicates a struggling bullish gap, while the golden crossover in EMAs may offer dynamic support.

Challenge of Sustaining Above $0.075: Sustaining the breakout rally above $0.075 remains a challenge for HBAR.

Risk of Falling to $0.060: Without bullish dominance, there's a possibility of HBAR's price dropping to $0.060.