technical analysis and trade signal for $HBAR /USDT:

Current Price: $0.26779

Trend: Bearish (5.17% drop in the last 24 hours)

Support Level: $0.26673 (24h Low)

Resistance Level: $0.29072 (24h High)

Key Indicators:

RSI: Indicates a neutral zone around 50, suggesting the market isn’t overbought or oversold.

MACD: Bearish cross confirmed with momentum to the downside.

Volume: Strong trading volume of 421.58M HBAR, indicating active market participation.

Target Levels:

1. Target 1: $0.2660 (First support level, with potential for a short-term rebound)

2. Target 2: $0.2760 (Intermediate resistance level, possible breakout)

3. Target 3: $0.2850 (Next key resistance, if momentum shifts bullish)

Trade Signal:

Short Position: If price breaks below $0.2660, consider shorting with a target of $0.2550 (next support).

Long Position: If price bounces off support around $0.2660, enter a long position targeting $0.2760 to $0.2850.

Momentum:

Bearish Momentum: The recent price drop and MACD bearish crossover suggest a continuation of the downward trend in the short term.

Bullish Reversal: If the price breaks above $0.2900, this could signal a trend reversal with bullish momentum, reaching higher targets.

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