Technical Overview

  • Time Frame: 15-minute interval for both charts.

  • Current Price: 0.13878, trading above the 200-period MA at 0.11789 in the first chart. This suggests that the overall trend remains bullish despite a recent pullback.

  • Support Zone: A key support area is visible in the second chart (purple box), providing a potential base for price recovery if selling pressure continues.

Key Observations

  1. Trend Analysis:

    • The price has been in a strong uptrend, trading consistently above the 200-MA, which is sloping upward and indicating a healthy bullish trend.

    • However, the recent price action shows a pullback from the highs around 0.14-0.15, indicating short-term profit-taking or resistance.

  2. Support and Resistance:

    • Support Zone: The purple area on the second chart (approximately 0.13400 - 0.13700) acts as immediate support. A breakdown below this level could lead to further declines.

    • Resistance Levels: Immediate resistance lies near the recent high at 0.14500 - 0.15000.

  3. Momentum Indicators:

    • RSI (Relative Strength Index): Currently at 41.44, signaling slightly oversold conditions. This could mean a potential rebound if buyers step in at the support zone.

    • MACD Histogram: The histogram indicates declining bullish momentum, with the MACD line approaching a bearish crossover. This warrants caution for short-term traders.

  4. Volume:

    • Volume has been relatively stable but has not seen significant spikes recently. A breakout or breakdown would require higher volume to confirm.

Scenario Analysis

  1. Bullish Scenario:

    • If the price rebounds from the support zone (0.13400-0.13700), it could target the recent high near 0.14500, with the potential for further upside toward 0.15000.

    • A rising RSI and a bullish MACD crossover would confirm the resumption of the uptrend.

  2. Bearish Scenario:

    • A breakdown below the support zone could lead to a correction toward the 200-MA near 0.11800.

    • A declining RSI and a confirmed bearish MACD crossover would validate the bearish move.

Conclusion

HBAR/USDT remains in a bullish overall trend, but short-term bearish momentum is evident due to a pullback. Traders should monitor:

  • The 0.13400-0.13700 support zone for a rebound.

  • Volume and momentum indicators for confirmation of the next move.