HBAR/USDT Technical Analysis | Price Targets and Key Levels 🚀
📅 Timeframe: 1D (Daily Chart)
Current Price: 0.05195 USDT (+6.13% in the last 24 hours)
Overview: HBAR/USDT has shown a solid bullish move over the last 24 hours, gaining 6.13%. The price is currently testing key resistance levels after bouncing off strong support. Let’s break down the key technical levels and price targets for the coming days.
🔑 Key Support & Resistance Levels:
Support Zone: 0.05024 USDT (SAR level)
Resistance Zone: 0.05210 USDT (24h High)
📊 Price Targets (Targets for the next move):
1. Target 1: $0.05228
Reason: The current market depth shows a large buy wall around 0.05228, which could act as short-term resistance. A break above this level could signal continued bullish momentum.
2. Target 2: $0.05500
Reason: The next significant resistance lies around the $0.055 mark. This price level has previously acted as a minor resistance zone, and a breakout could open the door for further gains.
3. Target 3: $0.06000
Reason: A psychological resistance at $0.06000 is expected, where profit-taking could occur. However, if HBAR maintains its upward trend, it could extend further towards this level.
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