CRUCIAL HBAR BREAKOUT!🚨 | HEDERA (HBAR) PRICE PREDICTION & NEWS 2024!

Summary

In this video, the analysis of Hedera (H-bar) highlights its current market structure and potential for a breakout. After a 200% price surge, H-bar faces resistance between 13.8 and 15 cents, with consolidation underway. Despite lower volume compared to other altcoins, the bullish trend remains intact. A breakout above 13.9 cents could lead to a move towards 20 cents, with 17.5 cents as an intermediate resistance. While short-term pullbacks are possible, the overall market structure suggests that H-bar is poised for continued growth. Viewers are encouraged to monitor price levels closely for potential opportunities.

Takeaways

• 😀 H-bar (Hedera) is currently consolidating after a strong rally, with a recent pullback after a top on Monday and Tuesday.
• 😀 The 12-hour time frame still shows a bullish trend, while the 4-hour and 1-hour charts show signs of consolidation.
• 😀 The main resistance level for H-bar is between 13.8 and 15 cents, with 13.9 cents being the key level for a potential breakout.
• 😀 A breakout above 13.9 cents is expected to continue the bullish trend, and could lead to higher prices.
• 😀 Despite consolidation, H-bar has not turned bearish, as it is not forming a typical bearish flag pattern.
• 😀 Volume for H-bar is still relatively low compared to other altcoins like XLM and Cardano, but momentum is building.
• 😀 The primary target for H-bar is 20 cents, with an intermediate resistance at 17.5 cents.
• 😀 If H-bar pulls back to 11 cents, this could be a potential buying opportunity for traders.
• 😀 Even though a breakout might not happen immediately, the market structure is favorable for future price movement.
• 😀 The technical outlook for H-bar is positive, and the speaker is confident that a breakout will happen soon.

Q & A

What is the current market structure for HBAR?

HBAR is currently in a strong bullish structure, particularly visible on the 12-hour timeframe. Despite recent consolidation, the overall trend remains bullish.

What are the key resistance levels for HBAR in the short term?

HBAR is facing resistance between 13.8 cents and 15 cents. The exact resistance level is considered to be around 13.9 cents, with 15 cents being a major psychological resistance point.

Is HBAR currently in a bearish or bullish trend?

HBAR is still in a bullish trend, though it is facing short-term resistance. Despite recent consolidation, the technical indicators suggest that the overall structure remains bullish.

What are the chances of HBAR breaking out above the 13.9-cent level?

There is a high probability that HBAR will break above 13.9 cents. A breakout above this level would likely lead to further upward momentum.

What would a breakout above 13.9 cents mean for HBAR's price?

A breakout above 13.9 cents could signal a continuation of the bullish trend, potentially leading HBAR toward the next target of 17.5 cents or even 20 cents.

How does HBAR compare to other altcoins like XLM and Cardano?

While altcoins like XLM and Cardano are showing strong momentum and higher volumes, HBAR is currently lagging in terms of volume. However, its technical structure still supports bullish potential.

What are the implications of low volume in HBAR?

Low volume suggests that HBAR is not yet fully participating in the broader altcoin rally. However, this could indicate that HBAR has room to catch up once volume picks up.

Is HBAR likely to experience a pullback before a breakout?

Yes, there is a possibility of a pullback to around 11 cents before any breakout happens. This could be an opportunity for investors to buy at a lower price.

What is the key resistance level to watch for in the next few weeks?

The key resistance level to watch is 15 cents, followed by the target of 20 cents. A breakout above 15 cents could signal a continuation toward the 20-cent level.

What should investors do if they are considering buying HBAR?

Investors should keep an eye on the resistance levels, especially around 13.9 cents. While HBAR is still in a bullish structure, waiting for a breakout above resistance or a potential pullback to 11 cents may present better buying opportunities.