HBAR Faces Key Support at $0.25 Amid Signs of Potential Reversal After 130% Rally
Main Idea
HBAR's price surged 130% from $0.13 to $0.30 but is now retreating and testing key support at $0.25, with potential further downside if it breaks below $0.23.
Key Points
1. HBAR surged over 130% from $0.13 to $0.30 following a bullish double bottom breakout.
2. The price is facing strong resistance at $0.30 and has retraced to a key support level around $0.25.
3. A break below $0.23 could confirm a double top formation, potentially leading to further declines to $0.20 or $0.18.
4. Investors should monitor the $0.23 support level for signs of a reversal or continued downside.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! HBAR is currently
$HBAR
$0.24926
+1.59%
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