HBARUSDT exhibits a steady uptrend, supported by the 9 EMA remaining above the 20 EMA. This alignment underscores sustained bullish sentiment. However, the MACD histogram's gradual narrowing suggests a possible slowing of upward momentum. RSI readings in the low 60s to 70s indicate moderate bullish strength without nearing overbought conditions.Hedera is approaching a key resistance level at $0.33433. A breakout above this level could signal further bullish continuation, targeting higher levels near $0.341. On the downside, support levels at $0.30998 and $0.30813 provide critical zones for bulls to defend. Long positions could be considered on a strong breakout above $0.33433, while a pullback to $0.30998 may offer another entry point if bullish indicators hold.
Traders should remain cautious as momentum indicators suggest a possible slowdown. Short positions might be viable near resistance zones if rejection occurs, particularly with confirmation of bearish divergence on key indicators.
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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.