Hbar Explodes with Massive Gains: Key Levels to Watch
Hbar Surges 70% in Altcoin Rally, Hits Highest Volatility Since 2022
In a surprising turn of events, Hbar has exploded massively in the last 24 hours, leading the altcoin rally with a staggering 70% increase. This surge marks the highest volatile session for Hbar since late 2022, showcasing its resilience and potential for growth in the cryptocurrency market.
After finding solid ground above $0.067 earlier this month, Hbar remained calm and gathered liquidity above the $0.07 level. Last week, it initiated a buy and closed the week strong at $0.09, setting the stage for its current bullish momentum.
Today, Hbar reached a high of $0.1817, but encountered resistance above the $0.16 level. Currently sitting at a key support level of $0.14, the price may see a buyback from this level if the bulls regroup stronger. However, a drop below this support could lead to further pullbacks until another support is found.
Despite the potential for short-term fluctuations, Hbar remains bullish on the daily timeframe. A push above the current daily high could signal more growth in the long term for this cryptocurrency.
For traders and investors, key levels to watch include $0.12 and $0.1 as immediate supports, with $0.085 as a potential lower support level. On the upside, reclaiming the $0.16 resistance level could pave the way for a breakout towards $0.181 and potentially $0.20.
As always, it is important to conduct thorough research before investing in any cryptocurrency or related services. Stay updated with the latest news in the crypto space by following us on Twitter @nulltxnews.
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