- HBAR Token price has grown more than 10% in the past 48 hours
- The price action breaks a symmetrical triangle pattern in the 4-hour chart
- The pair of HBAR/BTC is trading at 0.000005961 BTC with an intraday gain of +16.60%
HBAR Token’s price action indicates the bullish breakout of a symmetrical triangle in the 4-hour chart. The growth in the buying pressure is evident by the jump in trading volume candles.
HBAR Token trades at $0.3919 and has seen a 7.41% increase in market capitalization in over 24 hours. In addition, the intraday trading volume has increased 15% in the last day, indicating that the buyers are increasing.
HBAR Token in the Daily Chart.
The HBAR token price action in the daily chart resembles the 4-hour chart with a minor delay. Thus, the symmetrical triangle breakout awaits in the daily chart. However, the jump in trading indicates the breakout is imminent.
Pivot point analysis has shown that the resistance levels for the token lie at $0.53 after $0.74. Therefore, if the price drops below $0.30, sellers might face resistance at $0.18.
The daily chart shows that HBAR token’s prices are higher than any other EMAs. As a result, these EMAs may act as support levels. Therefore, it will help maintain bullishness.
The RSI indicator predicts a more significant underlying bullishness when the slope rises over the 50% mark.
The ADX indicator indicates a rising trend and suggests a potential for significant underlying momentum.
When the MACD indicator shows a bullish signal, the fast and slow lines rise above the zero mark on a 4-hour chart, it is considered a bullish signal.
Conclusion: HBAR Token’s future trend is increasing bullish technical perspective. The combination of increased buying pressure and technical indicators suggests that there is an underlying rush in bullishness. The bullish breakout of the symmetrical triangle in the daily charts can be a good entry point.
Support – $0.30 or $0.18
Resistance – $0.53 and $0.74