Technical analysis by Coinpedia-Market-Insight about Symbol HBAR: Buy recommendation (11/20/2023)

HBAR Price Eyes A 40% Bull Run With A New Triangle Break! Bullish Triangle Breakout: HBAR price shows a bullish trend with a triangle breakout. 37% Recovery Rally: The ongoing recovery rally in HBAR price eyes a breakout at $0.065. Potential Target of $0.10: With the triangle breakout, HBAR prices could reach the $0.10 mark. Overall Market Recovery Influence: The general market recovery is fueling bullish momentum in HBAR. Bitcoin's Price Stability: With Bitcoin stable at around $37K, altcoins like HBAR are poised for significant growth. Breakout Entry Signal: The recent price movements in HBAR indicate a breakout entry signal. Overhead Resistance Challenges: HBAR faces supply challenges at overhead resistance but shows resilience. Retracement for Momentum Regain: Following a pullback, HBAR retraces to regain momentum for a continued uptrend. Current Trading Price: HBAR is trading at $0.064, with an intraday gain of 3.66%, indicating strong market demand. Technical Indicators: The RSI maintains a sideways trend near the overbought boundary, and a golden crossover in EMAs suggests bullish momentum. Price Rise Above $0.075: The potential for HBAR to rise above $0.075 is supported by the triangle breakout and market recovery. Next Milestones and Support Levels: Post $0.075, HBAR could target $0.10, with a fallback level at $0.060.