HBAR Price Prediction: Two Key Demand Zones to Watch

In the last HBAR analysis, we identified two key demand zones where the price could react before making a move to grab the liquidity above.

In our previous analysis of HBAR, we highlighted two crucial demand zones where the price could react. These zones were identified using the M15 timeframe, and we observed that the price was heating up, potentially attracting more buyers and adding further liquidity above.

As the price approached the lower demand zone, it created M1 liquidity, setting the stage for a classic and quick manipulation technique. The lower zone was hit with a strong move down, followed immediately by a powerful push upward to take out the liquidity above.

Two Key Levels on My Radar

Currently, I'm keeping an eye on two significant zones that could influence the price action:

What Could Happen Next?

A potential scenario I'd be interested in seeing is a reaction from the lower demand zone, leading to a liquidity grab to the upside.

If the liquidity above remains intact and the price manages to take it out, it increases the probability of a move toward that level.

However, it's important to remember that price action can be unpredictable, and the market could always deviate from the anticipated path.

As always, no statement is an indication of guarantee, and nothing is 100% certain in trading. These are possibilities based on liquidity, demand, and supply, and it's crucial to manage risk and maintain flexibility in your approach.

This analysis is not financial advice and should be used at your own discretion.