$HBAR HBAR/USDT Perpetual (4h) - Technical Analysis Update

Key Metrics:

• Price: $0.13265 (-1.69%)

• 24H High/Low: $0.1447 / $0.1260

• Break-Even Price: $0.15561

• Volume: 161M

• Moving Averages:

• MA(5): $0.13433

• MA(10): $0.13788

• MA(50): $0.13637

Observations:

1. Trend Analysis:

• HBAR is continuing its downward momentum, trading below all short and medium-term moving averages.

• Price action confirms bearish pressure with no clear reversal signals yet.

2. RSI (Relative Strength Index):

• RSI(6): 36.16

• RSI indicates oversold conditions nearing, which may result in a minor bounce or consolidation.

3. MACD (Moving Average Convergence Divergence):

• MACD remains bearish, with no signs of divergence or reversal.

• Histogram shows decreasing bearish momentum, indicating a potential slowdown in selling.

4. OBV (On-Balance Volume):

• OBV continues to trend lower, confirming weak buying interest and consistent selling pressure.

Key Levels to Watch:

• Resistance Levels:

• Immediate: $0.13450 (MA5).

• Secondary: $0.13788 (MA10).

• Support Levels:

• Immediate: $0.13000 (psychological level).

• Critical: $0.1260 (24H low).

Trading Strategies:

For Short Positions:

• Entry: Below $0.13000.

• Targets: $0.1260 / $0.1225.

• Stop Loss: $0.13450.

For Long Positions (Counter-Trend):

• Entry: Above $0.13500 (with confirmation of bounce).

• Targets: $0.1380 / $0.1400.

• Stop Loss: $0.1320.

Outlook:

HBAR remains under bearish control, with limited signs of recovery. While RSI hints at a potential relief bounce, sellers dominate the market. Caution is advised for long trades until a clear breakout above $0.13500 is observed. Stay vigilant on support levels and manage risks effectively.