Overall Trend:
HBARUSDT has experienced a bullish rally recently, breaking above the 200 SMA at 0.09822. However, the price is now consolidating and showing signs of weakness near the 0.137 level.
The bullish trend remains intact, but momentum has slowed, with the price forming a lower high in recent sessions.
Support and Resistance Levels:
Immediate Resistance:
The 0.145 - 0.150 zone represents the key resistance area. A breakout above this level would confirm a continuation of the bullish trend, with potential targets around 0.160 - 0.165.
Immediate Support:
Support is observed at 0.130 - 0.132, which has acted as a local base during recent pullbacks.
Key Demand Zone:
The major demand zone lies at 0.100 - 0.105, supported by the 200 SMA and prior accumulation during the earlier phases of the rally.
Technical Indicators:
RSI (Relative Strength Index):
The RSI is currently at 41.52, indicating a shift into neutral-bearish territory, which could signal further consolidation or a minor pullback before a potential recovery.
MACD (Moving Average Convergence Divergence):
The MACD line has crossed below the signal line, and the histogram is showing bearish momentum. This suggests that sellers are gaining strength in the short term.
Volume Analysis:
Volume at 9.856M has declined compared to the earlier rally, signaling reduced buying pressure. A resurgence in volume will be necessary for any meaningful upward move.
Cluster and Zone Analysis:
Demand Zone: The second chart highlights a key support zone at 0.130 - 0.132, where buyers might re-enter to defend the price.
Resistance Zone: The 0.145 - 0.150 resistance remains critical, as it has acted as a rejection point multiple times recently.
HBARUSDT is currently in a consolidation phase, with bullish momentum slowing down after a strong rally. Traders should watch the 0.130 - 0.132 support zone closely for potential buying opportunities and monitor for a breakout above 0.145 to confirm further upside. A failure to hold support at 0.130 may lead to a deeper correction.