$HBAR HBAR/USDT 4-Hour Analysis: Bearish Outlook for Swing Traders

Market Overview:

• Last Price: $0.20090 (+18.08%) – Strong rally, but signs of exhaustion visible.

• 24H High: $0.20943 – Critical resistance point for short-term traders.

• 24H Low: $0.16419 – Support zone to monitor for a potential correction.

Indicators Supporting Bearish Sentiment:

1. Moving Averages:

• MA(5): $0.17741 – Price significantly above, signaling overextension.

• MA(50): $0.14995 – Indicates a strong upward trend but overbought conditions.

2. RSI:

• RSI(6): 89.17 – Deep in the overbought zone, correction likely.

• RSI(12): 81.26 – Sustained overbought levels point to weakening momentum.

3. MACD:

• Positive, but the histogram shows slowing bullish momentum, indicating a potential reversal.

4. OBV:

• High volumes suggest profit-taking is imminent as buyers reduce exposure.

Support & Resistance Levels:

• Immediate Resistance: $0.2100 – A rejection here would confirm bearish sentiment.

• Immediate Support: $0.1900 – First target for downside correction.

• Key Support Zone: $0.1750 – Stronger base for deeper pullbacks.

Bearish Trading Plan:

• Entry for Short Positions:

• Range: $0.2000–$0.2050

• Target 1: $0.1900

• Target 2: $0.1750

• Stop-Loss: $0.2100

Summary:

HBAR’s impressive rally is approaching critical resistance levels with overbought indicators signaling a high probability of correction. Swing traders should prepare for a bearish setup, focusing on tight stop-loss management and taking advantage of potential downward moves.

Monitor closely for volume changes and trendline breakdowns!