- HBAR is reacting to a significant supply zone on the weekly chart, with potential for a strong move if buyers step in
- On the daily chart, Fibonacci levels suggest a possible pullback to demand zones before a continuation of the trend
- Short-term M5 analysis highlights precise reactions, validating predictions while revealing liquidity targets at $0.33
The HBAR Hedera market has been making waves recently, and a closer look at its price action reveals fascinating dynamics across different time frames.
Whether you’re a long-term holder or an active trader, these insights could help you navigate the market more effectively. Let’s dive in!
Weekly Time Frame: Reacting to Key Supply Zone
On the weekly chart, HBAR is showing signs of a significant reaction to a critical supply zone.
This level gains importance as the price recently took liquidity from below, creating the potential for a strong move. Traders should monitor how the price interacts with this area in the coming days to assess whether a sustained upward move could follow.
Daily Time Frame: Fibonacci Levels in Play
Zooming into the daily chart, we see an interesting scenario unfolding when applying the Fibonacci retracement tool.
The price might pull back to one of the key demand zones marked by Fibonacci levels before resuming its upward trend. This creates a potential roadmap for buyers looking to catch the next leg of the move.
However, caution is warranted: HBAR might just be “faking” a bearish reaction, luring in sellers before resuming its bullish trajectory. Such traps are common in volatile markets like cryptocurrency, so staying alert to price behavior around Fibonacci levels is essential.
M5 Time Frame: Micro-Level Precision
Looking at the M5 chart, HBAR’s price action near the current supply zone aligns perfectly with yesterday’s forecast.
This highlights the importance of short-term analysis for confirming higher-time-frame predictions. The price has been responding precisely as expected, validating the analysis so far.
If the bearish trend continues, we might see HBAR aim for the liquidity cluster around $0.33. A reaction at this level could offer new trading opportunities, potentially confirming or invalidating the ongoing trend.
Final Thoughts: Prepare for Uncertainty
While these scenarios present a logical outlook, it’s critical to remember that the market is unpredictable. The price could move contrary to expectations, creating sudden swings that defy technical predictions.
These are just possible scenarios, not certainties.
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Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Always do your research and consult a professional advisor when necessary.
