๐ $HBAR /USDT Technical Analysis | Current Price: $0.2773 ๐ป
Hedera Hashgraph ($HBAR ) is experiencing significant selling pressure, down -4.70% for the day. Price action has moved near key support levels, and traders are monitoring for a potential rebound or further downside continuation.
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Key Observations ๐
24h High: $0.2987 โ The key resistance HBAR needs to reclaim for a bullish reversal.
24h Low: $0.2768 โ Immediate support that HBAR is testing.
Trend: Bearish in the short term with -15.86% over the past 7 days but still holding long-term gains of +460.24% over 90 days.
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Targets to Watch ๐ฏ
1๏ธโฃ Target 1: $0.2850
A short-term bounce toward $0.2850 would be the first signal of recovery from oversold conditions.
2๏ธโฃ Target 2: $0.2900
If buying momentum strengthens, HBAR will test the $0.2900 level, where prior support turned into resistance.
3๏ธโฃ Target 3: $0.2980
A break above $0.2980 (24h high) would confirm bullish strength and open the path for further upside toward $0.30+.
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Technical Outlook ๐
Short-Term Bias: Bearish unless HBAR reclaims $0.2850.
Support Levels: Immediate support at $0.2768; losing this could send HBAR toward $0.2700.
Breakout Signal: A close above $0.2900 with strong volume will signal a potential reversal to the upside.
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Conclusion ๐ก
HBAR/USDT is at a key inflection point, with upside targets at $0.2850, $0.2900, and $0.2980. Watch for support near $0.2768 to gauge recovery potential.
๐จ Will HBAR bounce back or test lower levels? Monitor these critical zones for the next move!
