HBAR Sees Potential Upside Following Robinhood Listing Amid Bullish Momentum Indicators
Main Idea
Hedera (HBAR) price surged 8% following its listing on Robinhood, with bullish momentum suggesting potential gains toward $0.39, supported by technical indicators.
Key Points
1. HBAR's price increased by 8.19% on July 25 after being listed on Robinhood, breaking the $0.285-$0.3 resistance zone.
2. Key support levels for HBAR include $0.192 (flipped from resistance) and $0.261 (Value Area High), with resistance near $0.3.
3. Technical indicators like RSI (65) and rising OBV indicate healthy buying pressure and potential for further upside.
4. If HBAR breaks $0.3 resistance, next targets are $0.324 and $0.392; a drop below $0.223 could signal weakening momentum.
5. The Robinhood listing increased HBAR's visibility and accessibility among retail investors.
Description
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