Hedera (HBARUSD) Price Forecast: December 25
HBARUSD suggests its buying time is now as the price runs smoothly above the resistance level, indicating the investors’ confidence in the coin. The cryptocurrency is facing high pressure from the bulls. Conversely, if the coin prices sustain above the previous high of $0.392, the bulls’ trend would continue upward and might surge to hit the $0.400 upper high level.
Key Levels:
Resistance Levels: $0.304, $0.305, $0.306
Support Levels: $0.150, $0.149, $0.148
HBAR (USD) Long-term Trend: Bullish (Daily Chart)
HBARUSD turns positive today. The price suggests its buying time as the crypto experiences a price resurgence in its long-term outlook, indicating a nice trade and a buy signal for coin buyers.
The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few days.
With sustained buying, the coin price challenged another resistance zone of $0.304 above the moving averages as the daily chart resumes today, indicating buyers’ attempt to prolong the bullish rally and a buying time. Additional efforts by the bulls to the retest $0.392 previous swing high would invalidate any further bearish thesis.
Notably, the Hedera pair suggests its buying time and may continue in the same direction as indicated by the daily signal pointing upwards. Hence, buyers might push the price of HBARUSD further up to a significant level. In this case, the target might be the $0.400 supply level in the coming days, as it suggests its buying time in the higher time frame.
HBAR (USD) Medium-term Trend: Bullish (4H Chart)
On the medium-term chart, Hedera prices are above the moving averages, suggesting its buying time is now and a bullish momentum breaking the previous high. The pair is in a smooth uptrend, as seen from the chart below.
Pressure from the bulls at the $0.292 high value in the previous action has sustained its upward stability, suggesting its buying time in its recent high.
HBARUSD is losing bearish momentum as it rises to a $0.304 high level above the moving averages as the 4-hourly chart begins today, due to a high bullish impact on the market price, suggesting it is buying time for the coin buyers.
Hence, the Hedera market is showing more upside possibilities on the daily signal. Thus, more gains and strength from the coin may drive the token price to hit $0.392 and extend to reach the $0.400 upper resistance level in the days ahead, suggesting its buying time for the coin traders in its medium-term time frame.
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