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

Current Metrics:

• Price: $0.13158 (-2.48%)

• 24H High/Low: $0.14514 / $0.126

• Break-Even Price: $0.15561

• Volume: 27.8M

• Moving Averages:

• MA(5): $0.13108

• MA(10): $0.13447

• MA(50): $0.13999

Key Observations:

1. Price Action:

• HBAR is trending lower, consistently breaking support levels.

• The price is below all major moving averages (MA5, MA10, MA50), confirming bearish momentum.

• Strong support at $0.126 (24H low) is critical to monitor.

2. RSI (Relative Strength Index):

• RSI(6): 39.30 (oversold territory approaching).

• RSI reflects potential for a relief bounce, but momentum remains weak.

3. MACD (Moving Average Convergence Divergence):

• MACD remains negative, suggesting further bearish pressure.

• No visible signs of reversal as the histogram remains in the red.

4. OBV (On-Balance Volume):

• Declining OBV reflects persistent selling pressure and lack of buyer commitment.

Key Levels:

• Immediate Resistance: $0.13450 (MA10).

• Secondary Resistance: $0.13999 (MA50).

• Immediate Support: $0.13000 (psychological level).

• Critical Support: $0.12600 (24H low).

Strategic Outlook:

Bearish Continuation:

• Breach of $0.13000 could accelerate the decline toward $0.12600 or lower.

• Weak buying pressure and continued OBV decline support this outlook.

Short-Term Relief:

• If $0.13100 holds as support, RSI suggests potential for a brief relief bounce toward $0.13450 or $0.13650.

Trade Setup:

For Short Positions:

• Entry: Below $0.13000.

• Targets: $0.12600 / $0.12250.

• Stop Loss: $0.13250.

For Long Positions (Counter-Trend):

• Entry: Above $0.13450 (confirmation of reversal).

• Targets: $0.13900 / $0.14300.

• Stop Loss: $0.13200.

Conclusion:

HBAR remains under significant selling pressure, with weak bullish signals. A relief bounce may occur, but momentum suggests caution. Monitor support at $0.13000 and $0.12600 for potential breakdown or recovery signals.