$HBAR HBAR/USDT Perpetual (1h) Analysis

Key Metrics:

• Price: $0.13512 (-8.13%).

• 24H High/Low: $0.14806 / $0.13146.

• Moving Averages:

• MA(5): $0.13661.

• MA(10): $0.13728.

• MA(50): $0.14440.

• MA(100): $0.16322.

Technical Indicators:

1. Price Action:

• Price is trading below key moving averages (MA(10), MA(50)), confirming bearish pressure.

• A strong downtrend is evident, with a break below the $0.1400 psychological support level.

2. Volume:

• Decreasing volume suggests a reduction in momentum, but selling pressure remains strong.

3. MACD:

• MACD is below the signal line, with a negative histogram confirming bearish momentum.

4. RSI:

• RSI(6): 29.99 (oversold territory).

• RSI(12) and RSI(24) indicate a weak trend, suggesting potential for minor consolidation or reversal.

5. OBV (On-Balance Volume):

• OBV reflects consistent outflows, signaling stronger bearish sentiment.

Support & Resistance Levels:

• Immediate Support: $0.13200 (recent low).

• Major Resistance: $0.14000 (previous support turned resistance).

Trading Outlook:

Bearish Scenario:

• Entry: Below $0.13200.

• Targets: $0.12500 → $0.12000.

• Stop Loss: $0.14000.

Bullish Reversal Possibility:

• RSI in oversold territory suggests potential for a relief rally.

• Entry: If price regains $0.14000.

• Targets: $0.14500 → $0.15000.

• Stop Loss: $0.13200.

Key Takeaway:

HBAR remains under bearish control. Traders should watch for a breakout above $0.14000 for signs of recovery, while further declines below $0.13200 could open doors to deeper corrections.