HBAR Faces Strong Decline Risk: 'Death Cross' is Approaching!
1. Current Situation:
• HBAR price is adjusting, down more than 4% in the last 24 hours.
• Indicators like DMI (Directional Movement Index) and ADX (Average Directional Index) show that the current trend is weak and not strongly reinforced.
2. Important Technical Signals:
• Ichimoku Cloud: The chart shows prevailing bearish pressure, with the price below the cloud, reflecting a negative trend.
• Death Cross: The risk of forming a “death cross” (short-term MA crossing below the long-term MA) could push the price down further.
3. Important Price Levels:
• Support: $0.233, if broken, the price could drop further.
• Resistance: $0.31, and higher at $0.33 if there is a price reversal.
4. Forecast Scenario:
• Negative: The price could drop another 13.7% to test the support level of $0.233, especially if the “death cross” occurs.
• Positive: If the price surpasses the resistance level of $0.31, growth momentum could return.
Conclusion: HBAR is in a sensitive phase, with prevailing bearish pressure. However, reversal signals may still appear if the market experiences strong momentum changes. Investors need to closely monitor support and resistance levels, along with technical indicators to make appropriate decisions.