Recently, the cryptocurrency market has seen a glimmer of hope, with the HBAR token price finally experiencing a significant increase of 12% after a prolonged two-month slump. This upward trend has caught the attention of investors, especially as the technical analysis indicators, including the relative strength index (RSI), also began to suggest a potential trend reversal.

However, market analysts point out that whether the upward momentum of HBAR can be sustained still faces challenges. Currently, the two key price levels of $0.154 and $0.163 constitute significant resistance. Only by successfully breaking through these resistance levels can HBAR confirm its upward trend and end the recent continuous downward movement.

It is worth noting that if HBAR fails to break through the resistance level mentioned above, it may face a pullback risk. In this case, the price could fall back to $0.139, or even touch the support level of $0.133, continuing the downward trend.

Nevertheless, HBAR's current performance still brings positive signals to the market. Investors and traders are closely watching its subsequent trends, hoping to see HBAR break through resistance and start a new round of upward cycles. In this uncertain encryption currency market, HBAR's performance undoubtedly provides investors with an investment opportunity worth paying attention to.