Today we have selected two tokens with high trading volume from the tokens listed on Binance for a brief analysis. They are HBAR and ZEC.
Like most tokens, HBAR rose in early 2023. In the following months, HBAR fell with fluctuation, close to covering the gains of the early 2023. Until the early June, the price rebounded, and remained above the green dotted line. In the last week, a long green candle pushed the price near the high. And in the process of rising, the trading volume increased. Then the price starts to pull back. The trading volume gradually decreased.
Conclusion: Mostly fluctuation, and more likely to rise than fall. Although a long green candle may form today. But before that, the gap between bulls and bears was not big. HBAR remains bullish on a large scale, so we draw this conclusion. We set resistance level at 0.070 and support level at 0.051.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Like most tokens, HBAR rose in early 2023. In the following months, HBAR fell with fluctuation, close to covering the gains of the early 2023. Until the early June, the price rebounded, and remained above the green dotted line. In the last week, a long green candle pushed the price near the high. And in the process of rising, the trading volume increased. Then the price starts to pull back. The trading volume gradually decreased.
Conclusion: Mostly fluctuation, and more likely to rise than fall. Although a long green candle may form today. But before that, the gap between bulls and bears was not big. HBAR remains bullish on a large scale, so we draw this conclusion. We set resistance level at 0.070 and support level at 0.051.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
