Hedera jumps 8% after Robinhood listing – Is $0.39 in sight for HBAR?
Main Idea
Hedera (HBAR) saw an 8% price increase after being listed on Robinhood, with technical indicators suggesting potential for further gains toward $0.39.
Key Points
1. HBAR's price rose 8.19% on July 25 after Robinhood listed it for trading, with bulls challenging the $0.285-$0.3 resistance zone.
2. Technical analysis shows HBAR's Point of Control at $0.192 and Value Area High at $0.261, with the price trading above these levels.
3. The RSI reset from overbought conditions and the OBV indicated continued bullish momentum, supporting potential gains toward $0.324 and $0.392.
4. A drop below $0.223 would signal trouble for bulls, while breaking the $0.28-$0.3 resistance could target higher price levels.
Description
Despite the pullback from $0.3, the RSI reset and rising OBV signaled that HBAR’s rally still had fuel left.
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