HBAR Bulls Take Charge as Price Recovers Dramatically in One Day
Hedera (HBAR) recovered all of its October losses with an outstanding 16.80% rally during the last day. The market is feeling optimistic as a result of the unexpected spike. Despite the robust price recovery, holders are displaying conflicting signals, even though technical indicators suggest a possible continuation.
HBAR Prepares for Major Move Following Momentum Build-Up
After more than a month of relative inactivity, Hedera is now beginning a buildup phase, according to the Squeeze Momentum Indicator. Black dots that show volatility compression on the chart serve as a visual cue for this. In the past, when momentum turned either bullish or bearish, these squeezes came before significant breakouts. HBAR may gain a lot if this squeeze releases under bullish momentum. A bullish breakout could push the altcoin to new short-term highs, given the recent price increase.
HBAR Shows Strength: Could Break $0.212 Resistance Soon
HBAR is currently trading at $0.2068, barely below the resistance level of $0.212. If investor confidence improves, the altcoin may try to break through this barrier, creating the conditions for further upward momentum. In the upcoming sessions, the cryptocurrency may extend its gains toward $0.219 and may break $0.230 if strong momentum continues. However, HBAR may return to the $0.200 support level if selling pressure increases.
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