#HBAR
From the daily and 4-hour charts, the recent surge of HBAR/USDT is a very strong performance, accompanied by a significant increase in trading volume. The current price is oscillating around 0.34, with a certain pullback from the intraday high (0.365), but the overall trend remains bullish.
Currently, the likelihood of the price returning to the pre-explosion level of 0.19 in the short term is low, because:
1. Strong upward momentum: From the low point in early November to the current price, HBAR has nearly doubled, and recent buying has been significantly more aggressive.
2. Support levels significantly raised: The MA(7) and MA(25) moving averages are rising rapidly, and the short-term support level may have moved up to around 0.30, while 0.19 is an area where funds were accumulated earlier, serving as long-term support.
3. Market sentiment: From the daily chart and RSI indicator, the market is currently in an overbought state, but the adjustment space may be limited, and the support level may not necessarily drop to the previous low.
How to operate moving forward?
1. If you are ready to enter, you can observe whether the price pulls back to the 0.32-0.33 range (which is the current support area) and consider buying low after a stabilization.
2. If you are worried about missing the opportunity, entering now (around 0.343) requires setting a stop loss, such as below 0.30, to avoid being passively trapped during a deep pullback.
3. Short-term target price: You can look towards the 0.36-0.38 range, but if it breaks through 0.365 with increased volume, it may continue to challenge higher positions.
