HEDERA (HBAR) is considering re -testing the resistance level of $ 0.57. This is likely to happen soon due to the high network activity as the maximum of the HEDERA Stableco market reaches the highest level ever. With the technical data and data that tend to climb, will the HBAR price decrease in the HBAR price decrease?
HBAR price is considering re -testing $ 0.57 resistance
Today’s HBAR value shows signs of upscale collapse. At the time of the press, HBAR is trading on a daily increase of $ 0.19 with an increase of 4.4 % within the day at the lowest daily level at $ 0.182. The assembly coincides with more than 60 % on the roof of the Stablecoin market in Hedra to the highest level ever at 91 million dollars, according to what he said Data from Devilia.
After her last gains during the day, HBAR CARE is now trying to turn the resistance at 23.6 % of $ 0.19 in support. If the bulls are defending this support, and the gathering over the main resistance of $ 0.26 continues, the HBAR will make a rally to $ 2 to $ 0.57.
The DMI index also tends to predict the ups of the upholsque HEDERA where the Di (blue) line continues to fluctuate over the DI line (Orange). This indicates that despite the high HBAR prices after it reached the highest level in a multi -year year at $ 0.39, buyers are still controlling this direction. As long as the DMI keeps this momentum, the price has a space for gains.
RSI also fluctuates with a 50 neutral level, and this indicates that the market is in a state of balance with no bears and no bulls to dominate the price. Unless RSI is manufactured north and makes its highest levels to confirm the bullish momentum, the HBAR price may remain stuck in a narrow range until buyers or sellers intervene.
While DMI tends to climb where HBAR tries to convert the resistance level of $ 0.19 into support, the ADX line tends to south. This indicates a weak trend that may deny the upper thesis above.
$ 1.68 million in risk filtering centers
One of the incentives that may support the HBAR price ravage to see a $ 0.57 re -testing is the risk of the long qualifiers. Data from Coinglass shows that at $ 0.192, 1.68 million traders risk closing their jobs through forced purchase.
If these situations are closed, the pressure resulting from the purchase side will help increase the height of the relative strength index. This may help collapse from the key resistance level at $ 0.26 and pave the way for the upward leg to $ 0.57.
Given the bullish preparation on the daily chart and the risk of $ 1.68 million, as HBAR tests the resistance at $ 1.92, it is likely that an upward gathering will occur. However, these gains depend on the upcoming market morale.
Related questions (common questions)
HBAR price can re -test the resistance level 0.57 dollars if the bullish momentum is strong. A height in the network activity indicates that the maximum Stablecoin market has reached that it is likely to be.
The DMI indicator shows that the HBAR surrounding momentum is optimistic. This indicates that Altcoin has the ability to make more gains.
One of the incentives that will lead the HBAR gathering the following prices is an increase in the long qualifiers. Coinglass data shows that long centers will be closed $ 1.6 million if HBAR will reach $ 0.19.
Metouni
Muthoni Mary is an analyst and writer in the veteran encryption market that has more than three years of experience in dissecting Blockchain trends, price movements, and market dynamics. Through the acute eye of technical analysis and an in -depth understanding of the scales on the series, it provides insightful -based content that helps investors to move in the world of fast -paced digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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