$HBAR HBAR/USDT 1-Hour Analysis: Profits Secured, Bearish Continuation Expected

Enjoy the Gains!

The previous analysis delivered strong results, rewarding traders who locked in profits during the recent surge. The rally to $0.20928 was a key moment to capitalize, with the retracement now underway.

Market Overview:

• Last Price: $0.19215 (+12.84%)

• 24H High: $0.20928 – Temporary peak, with momentum fading.

• 24H Volume: 4.21B – Strong volume, but selling pressure building.

Indicators in Focus:

1. Moving Averages:

• MA(5): $0.19840 – Price has fallen below, indicating weakness.

• MA(50): $0.17124 – Key support level for further downside targets.

2. RSI Levels:

• RSI(6): 56.86 – Retreating from overbought conditions.

• RSI(12): 63.12 – Losing bullish strength, confirming bearish potential.

3. MACD:

• Bullish crossover is fading, hinting at a potential reversal.

4. OBV:

• Declining volume signals reduced buying interest and rising selling activity.

Support & Resistance Levels:

• Resistance: $0.2000 – Immediate resistance where price may stall.

• Support 1: $0.1860 – A break below signals deeper correction.

• Support 2: $0.1710 – Aligns with MA(50), key bearish target.

Bearish Swing Trade Setup:

• Entry Zone: $0.1920–$0.1940

• Target 1: $0.1860

• Target 2: $0.1710

• Stop-Loss: $0.2000

Summary:

While the rally has been rewarding, the current setup favors bearish momentum. Swing traders can position for a correction with tight risk management. Stay patient and watch for volume confirmation to maximize returns.