HBAR/USDT In the key support area, Could HBAR Bounce or Broke ??💎 HBAR has recently become a focal point in the cryptocurrency market. Presently, HBAR is positioned at a crucial support area, previously acting as a resistance level.
💎 Historically, this zone has demonstrated considerable strength in preventing HBAR's decline, suggesting a likelihood of a rebound from this point. Such a bounce would potentially initiate a renewed upward trajectory, possibly propelling HBAR towards its target in the strong resistance area.
💎 However, should HBAR fail to maintain its stance above this support level, indicating a breakdown, it could spell a significant shift in market sentiment. A breach of this support could disrupt the existing bullish trend, potentially ushering in bearish momentum. In such a scenario, HBAR might experience a downward trajectory, with its next critical juncture being the demand area.
💎 The demand zone thus becomes pivotal for HBAR's recovery prospects. A strong response in this area, characterized by a bounce and a subsequent reclamation of price levels above the previous support, is essential. Failure to achieve this could cement a bearish trend, leading HBAR to extend its decline, potentially reaching even lower towards the strong demand area.
