Can HBAR PRICE increase 12 % at the end of the month for two months? star-news.press/wp

HBAR recently witnessed a significant decrease, leaving investors confused and facing losses. After a long tradition, HBAR has shown recovery marks, and a 12 % rise over the past 24 hours.

When Altcoin begins to bounce, investors are optimistic that the recent increase may indicate the end of the two -month declining direction.

Hbar has a shot

The RSI of HBAR is fell into the excessive sale area, where it decreased less than the critical 30.0 threshold. This represents the lowest point for RSI HBAR in more than 10 months. Usually, when RSI enters the sale area, it indicates a possible reflection. Since RSI has now worn, this may indicate that the declining trend is close to its end and that healing is ongoing.

RSI recovery indicates that investor feelings are transformed. As the relative force index increased from the sales lands, the purchase pressure may begin to outperform the sale.

The HBAR price movement is closely related to Bitcoin, with a strong correlation coefficient of 0.80. This high association indicates that HBAR can simulate bitcoin price movements, and benefit from the potential growth of Bitcoin. If Bitcoin continues its upward path, HBAR may also benefit from the positive momentum of the broader encryption market, which leads to altcoin gains.

However, this association also represents the risks. If Bitcoin suffers from shrinkage, HBAR may follow its example, which leads to any negative price procedures. The strong relationship means that although HBAR has the ability to ride a higher Bitcoin wave, it is equally vulnerable to bitcoin fluctuation.

The HBAR price can be good

HBAR has seen 12 % increase in the past 24 hours, trading at $ 0.150. She is currently facing resistance levels at $ 0.154 and $ 0.163. While the price has shown positive momentum, reaching a level of $ 0.163 may be difficult given the last downward trend. However, if the bullish feelings continue, HBAR may be able to penetrate the levels of resistance and end its decrease for two months.

Continuous bullish momentum can lead to a price transmission to more than $ 0.163, which may nullify the declining direction. If HBAR is able to penetrate the resistance, this may lead to the highest price goals, providing relief to investors who were declining. Keys that must be monitored are the resistance levels of $ 0.154 and $ 0.163, because the penetration through these can indicate complete recovery.

However, if the bullish momentum fails to keep it, there is a risk of HBAR. If the price decreases below the main support levels, it may decrease to about $ 0.139 or even $ 0.133. Such a decline indicates that a short -term recovery and can resume downward feelings.