- HBAR’s Recent Moves: The price has followed our previous analysis, reacting precisely to supply and demand zones
- Bearish or Bullish?: While the structure suggests further downside, liquidity above could spark a short-term rally
- Why Liquidity Matters: Understanding liquidity zones is key to predicting market behavior—don’t get caught being the liquidity!
In our last analysis, I left you with a projection for Hedera (HBAR), and the price has played out exactly as anticipated.
This reaffirms the importance of following Bitcoinsensus daily for actionable insights and predictions.
Breaking Down the Recent Price Movements
Zooming in, here’s what happened with HBAR:
- Reaction to Supply Zones: Initially, the price reacted to the first supply zone we identified. However, the momentum wasn’t strong enough to reverse the trend, and HBAR climbed further, creating liquidity until reaching the second supply zone.
- Liquidity Hunt: From the second supply zone, the price fell sharply, targeting the demand zone below and sweeping the liquidity it had previously left untouched.
- Return to Supply: After reaching the demand zone, the price bounced back upward, perfectly aligning with our predictions.
What’s Next for HBAR?
HBAR’s current market structure remains bearish, and theoretically, it should continue its downward trend. This could happen via a reaction to a nearby supply zone.
However, there’s significant liquidity above, which may prevent the price from respecting the supply zone. In such a case, HBAR could experience a short-term bullish move, potentially targeting higher supply zones above the liquidity cluster.
The Importance of Tracking Liquidity
This movement highlights the critical role of understanding liquidity in market analysis. If you don’t know where the liquidity lies, chances are, you are the liquidity.
Final Thoughts
While the outlined scenarios are grounded in technical analysis, the market remains unpredictable. Always remember: these are possibilities, not guarantees.
Stay tuned for more updates, and keep refining your strategies with Bitcoinsensus!
Disclaimer: The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.
