Hedera Hashgraph (HBAR) technical analysis:
Trade setup: Breakout from a Rising Wedge pattern and in an Uptrend. Notably higher volumes on up days recently, which is also positive. Upside to $0.08 resistance or even $0.10.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.050 (previous resistance), then $0.035. The nearest Resistance Zone is $0.060, which it broke, then $0.080 and $0.100.
Trade setup: Breakout from a Rising Wedge pattern and in an Uptrend. Notably higher volumes on up days recently, which is also positive. Upside to $0.08 resistance or even $0.10.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.050 (previous resistance), then $0.035. The nearest Resistance Zone is $0.060, which it broke, then $0.080 and $0.100.
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