🔴🔴Cryptocurrency forecast $HBAR 🔴🔴

based on technical analysis

The provided chart shows that the HBAR cryptocurrency is in a correction phase after its recent rise. Here are the main observations and forecasts:

Support and resistance levels:

Support: The main support levels are located around $0.08 and $0.10. These levels have been confirmed several times on the chart, making them important for further price movement. Resistance: The nearest resistance levels are around $0.12 and $0.14. A breakdown of these levels could open the way for further growth to $0.18 and higher.

Technical indicators:

Fibonacci levels: The chart shows Fibonacci levels, which serve as good guides for predicting price movements. The 0.618 level (around $0.095) could serve as an important support level. Volume indicator: Trading volumes show that recent movements have been accompanied by significant volume, confirming interest in the asset at current levels.

Trends:

Moving Averages: Long-term moving averages (200-day) are trending downward, indicating a long-term bearish trend. Short- and medium-term moving averages (50 and 100 days) can help determine current market sentiment. RSI and MACD indicators: These indicators can provide additional buy or sell signals depending on the current position and crossovers.

Forecast:

Bullish Scenario: If HBAR can hold the support level around $0.10 and break through the resistance at $0.12, there is a high probability of further growth to $0.14 and possibly higher to $0.18. Bearish Scenario: In case of a breakout of the $0.10 support level, the next support levels will be $0.08 and $0.067 . This could lead to further price reductions.