$HBAR HBAR/USDT Perpetual (1h) - Updated Analysis

Current Metrics:

• Price: $0.13225 (-1.99%).

• 24H High/Low: $0.14806 / $0.13146.

• Break-Even Price: $0.15871.

• Moving Averages:

• MA(5): $0.13661.

• MA(10): $0.13717.

• MA(50): $0.14159.

Technical Observations:

1. Price Action:

• Price is testing the support zone at $0.13150, which coincides with the 24H low.

• Multiple rejections near $0.14159 (MA(50)) confirm it as a strong resistance level.

2. MACD:

• MACD is bearish, with the histogram deepening in the negative zone, indicating persistent selling pressure.

3. RSI:

• RSI(6): 21.40 (oversold).

• The extreme oversold condition suggests a potential relief bounce, but momentum remains weak.

4. OBV (On-Balance Volume):

• OBV is declining, confirming the lack of buyer interest and persistent outflows.

Key Levels:

• Immediate Resistance: $0.13660 (MA(5)).

• Secondary Resistance: $0.14159 (MA(50)).

• Immediate Support: $0.13150 (24H low).

• Critical Support: $0.11725 (previous major low).

Outlook & Strategy:

Bearish Bias:

• The current trend remains bearish, with a lower-high and lower-low structure intact.

• Breaching $0.13150 could accelerate the decline toward $0.12500 or even $0.11725.

Bullish Relief (Short-Term):

• If $0.13150 holds and RSI bounces from the oversold region, a recovery toward $0.13650 or $0.14150 could occur.

Trading Plan:

• Short Entry: Below $0.13150, targeting $0.12500 with a stop at $0.13450.

• Long Entry (Counter-Trend): Above $0.13650, targeting $0.14150, with a stop at $0.13400.

Conclusion:

The overall sentiment is bearish, but oversold RSI may trigger a brief relief rally. Maintain caution, and adjust positions according to support/resistance reactions. Proper risk management is essential.