HBAR’s Next Move: Popcorn, Please!
2024-12-17
Category: None

Hedera Hashgraph HBAR is hovering near an inflection zone at $0.286, setting the stage for some potentially exciting moves ahead. However, it has to exhibit more momentum towards $0.313.

1. If HBAR manages to break above $0.313, it could spark a fresh wave of bullish momentum, with buyers eyeing the next resistance levels at $0.36 and beyond. This breakout could signal growing optimism in the market (Dashed Green Projections).
2. A clean push past $0.36 might pave the way for a journey toward $0.409, where traders might want to keep an eye out for signs of exhaustion or continued momentum (Solid Green Projections).
3. On the flip side, failing to hold $0.27 could spell trouble for HBAR for short-term. A drop below this level might lead to increased bearish pressure, targeting the next support at $0.217. This scenario could invite short-term sellers to take control and drive prices lower and offer a great opportunity for DCA (Red Projections).

All eyes are on the next big move—will the bulls take charge or will the bears have their day?