A look at HBAR's weekly chart shows the price bouncing off a level that was resistance in 2024 and now acts as support. The presenter argues this signals strong bullish momentum and a multi-year accumulation zone that favors upside.
Zoom out on your HBAR chart and this is what you see. This is the weekly. Shout out to Malius. Every single candle on your screen right now equals one week of time. Look at what HBAR has been doing. Okay, so we've been looking at this accumulation zone, but really, if you zoom out over the years, right, this is years of data right here. We actually can see um, that we've been in this spot before. Like, we have been here before. Uh, this actually was previously resistance. In my opinion, this is really good, right? We are bouncing off the previous resistance from 2024 right now, and we're trying to use that as the, the new support, right? Support is where you hit when you, you hit the bottom, and resistance is where you hit when you hit the top. We have to explain this simply. So very bullish HBAR chart in my opinion.
