HederaLong
Is HBAR Price Ready To Go Parabolic?
HBAR experienced significant growth from Q3 2024 to the first month of Q2, with its price surging by 300% over nearly 200 days.
However, it faced substantial sell-off orders at its peak, leading to a sharp decline that erased its gains. This brought the price back to its original support level, where it had previously shown historical movements.
As of now, the bullish momentum in September has resulted in some gains, but the price remains confined within the Q3 trading range of $0.045 to $0.072.
For HBAR to regain bullish confidence, it needs to break above the 200-day EMA and the horizontal level of $0.072. Sustaining above this level would boost long-term confidence and drive a strong recovery.
According to HBAR price predictions, the key resistance levels are at $0.072 and $0.100. However, the consolidation phase and bearish outlook might persist if it fails to cross the 200-day EMA band.
However, it faced substantial sell-off orders at its peak, leading to a sharp decline that erased its gains. This brought the price back to its original support level, where it had previously shown historical movements.
As of now, the bullish momentum in September has resulted in some gains, but the price remains confined within the Q3 trading range of $0.045 to $0.072.
For HBAR to regain bullish confidence, it needs to break above the 200-day EMA and the horizontal level of $0.072. Sustaining above this level would boost long-term confidence and drive a strong recovery.
According to HBAR price predictions, the key resistance levels are at $0.072 and $0.100. However, the consolidation phase and bearish outlook might persist if it fails to cross the 200-day EMA band.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.