HBAR approaches trendline, will it give a breakout?
Bitcoin's Influence: As Bitcoin sustains above $34K, altcoins like HBAR are also showing bullish signs.
Current Status: HBAR is trading at $0.05276 with an intraday growth of 0.62%.
Double Bottom Reversal: HBAR price action indicates a double bottom reversal from $0.045.
Technical Indicators - MACD: The MACD indicator shows a bullish divergence and a crossover.
Technical Indicators - EMA: A potential golden crossover is on the horizon as the price approaches the 200-day EMA.
50-day EMA: A closing price above this level could propel HBAR to $0.069.
Weekly Performance: HBAR has seen a price jump of 15.47% over the last week.
Bullish Candles: 6 out of the last 7 days have shown bullish candles.
Triangle Pattern: HBAR is forming a positive trend within a triangle pattern.
Potential Targets: If the triangle pattern is broken, HBAR could reach $0.062 or even $0.080.
Psychological Mark: HBAR has reclaimed the crucial $0.050 mark.
Downside Risk: If the price fails to break the 200-day EMA, it could drop back to $0.045.
Current Status: HBAR is trading at $0.05276 with an intraday growth of 0.62%.
Double Bottom Reversal: HBAR price action indicates a double bottom reversal from $0.045.
Technical Indicators - MACD: The MACD indicator shows a bullish divergence and a crossover.
Technical Indicators - EMA: A potential golden crossover is on the horizon as the price approaches the 200-day EMA.
50-day EMA: A closing price above this level could propel HBAR to $0.069.
Weekly Performance: HBAR has seen a price jump of 15.47% over the last week.
Bullish Candles: 6 out of the last 7 days have shown bullish candles.
Triangle Pattern: HBAR is forming a positive trend within a triangle pattern.
Potential Targets: If the triangle pattern is broken, HBAR could reach $0.062 or even $0.080.
Psychological Mark: HBAR has reclaimed the crucial $0.050 mark.
Downside Risk: If the price fails to break the 200-day EMA, it could drop back to $0.045.