HBAR recently saw a promising recovery, as Altcoin rose by 14 % last week. This increase has strengthened the hopes of merchants in achieving future gains.
Currently, HBAR faces resistance at $ 0.20. However, restoring this level as support is a real possibility, provided that the bullish momentum continues.
Hedra merchants are optimistic
The recent increase in the HBAR price has been accompanied by a significant increase in open interest (OI), which has increased 46.8 % in the past two days only. This height currently indicates at 232 million dollars, this rise indicates that merchants actively jump on the upward direction.
The positive financing rate also confirms that long contracts dominate short contracts. This shift indicates that merchants are still confident of the upward HBAR capabilities and expect more gains.
In addition to open attention, market morale is strengthened through public interest in HBAR. Since long centers exceed the number of short contracts, the investor’s confidence grows, providing the demand for HBAR.
Given the technical indicators, the HBAR RSI is currently its highest point in a month and a half. This indicates a strong upward momentum and indicates that HBAR can continue to see an upward movement. With the RSI remains in the upscale area, traders are optimistic that this positive momentum can pay the price up, especially with increasing strength in the market.
RSI RSI is an encouraging mark for investors, as it indicates increased purchase pressure. In addition to the positive market morale and increased open interest, HBAR has the ability to reach new levels.
HBAR price is preparing for the main level
At the time of writing this report, the HBAR $ 0.180 price is a little less than $ 0.182. HBAR is currently in the standard of unification, waiting for a bullish incentive to penetrate the resistance.
However, it is safe from the main losses, provided that it maintains its current location over $ 0.162.
Positive feelings about HBAR, along with strong technical indicators, make altcoin be likely to violate $ 0.182 in the near future. If this happens, HBAR is likely to press about $ 0.197, which may penetrate to $ 0.200, which will represent a milestone in price recovery.
On the other hand, if the resistance is proven at 0.182 dollars very strong and the failure of the breach, HBAR may return to the level of $ 0.162. The decrease to this level would erase the recent gains and lead to the nullity of the upcoming expectations, causing a short -term decrease in the price.
Disintegration
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