HBARUSDT 1H Chart Analysis | Bullish Structure in Play

HBARUSDT 1H Chart Analysis | Bullish Structure in Play

🔍 Let’s break down the recent price action for the HBAR/USDT perpetual contract and outline the roadmap for potential bullish continuation.

⏳ 1-Hour Overview
The 1-hour chart shows HBAR recovering from a strong demand zone near $0.21100, pushing upward with notable momentum. Price action is now challenging immediate resistance at $0.22372, with higher levels at $0.22824 and $0.23743 presenting the next bullish targets.

🔺 Long Setup:
A decisive close and hold above $0.22372 could fuel further upside, targeting the $0.22824 resistance next. Sustained bullish volume and higher lows may pave the way for an extension up to $0.23743, aligning with the drawn projection path.

📊 Key Highlights:
- Strong defense of the $0.21100 support region led to a sharp rebound.
- Immediate resistance stands at $0.22372, with the bullish path mapped toward $0.22824 and $0.23743.
- Volume spikes on upward candles indicate increasing buyer interest and potential for trend follow-through.

🚨 Conclusion:
HBARUSDT is building a bullish structure above local support, with momentum favoring continued upside if $0.22372 flips into support. Watching volume and reaction at key resistance areas remains crucial for confirming the next leg higher.