$HBAR analysis of this 1-hour chart of is quite interesting. The market is currently experiencing bullish momentum.
Chart Analysis Summary
Price Action: $HBAR has shown a strong recovery from the support level of 0.10809. The price is currently trading at 0.11141, a new high in the last few hours.
Moving Averages (EMA): The price has now crossed above all three major EMAs (7, 25, and 99). When the price crosses and stays above EMA 99 (purple line), it signals a trend reversal.
RSI (Relative Strength Index): The RSI is currently at 73. This means that buying pressure is strong, but is moving slightly into the "Overbought" zone. A small pullback (reversion) could occur from here before a larger move.
Volume: Looking at the volume bars below, the height of the green bars is increasing, which confirms that buyers are active.
💚 Signal Only Spot • Smart Target
❌ No future trade >> haram + high risky
⚠️ Disclaimer:
• Not financial advice👀
• Do your own analysis🧠
• Signals not guaranteed❌
• Risk what you can afford🥶
• Profit & loss both possible🤷
• Spot only (Halal) — No futures.
#hbar #crypto #USGDPUpdate #USCryptoStakingTaxReview #USJobsData
