$HBAR HBAR/USDT 4-Hour Analysis: Bearish Correction Ahead – Caution Advised

Market Overview:
• Last Price: $0.17245 (+1.27%) – Rally showing signs of exhaustion.
• Break-Even Price: $0.16393 – Indicating potential profit-taking levels.
• 24H High: $0.17775 – Rejection zone for further upward movement.
• 24H Low: $0.16433 – Key to watch for retracement.

Indicators Pointing to Bearish Reversal:
1. Moving Averages:
• MA(5): $0.16965 – Price hovering slightly above, indicating a potential reversal.
• MA(50): $0.14895 – Far below current price, indicating overextension.
2. RSI:
• RSI(6): 70.21 – Strongly overbought, a classic signal for bearish correction.
• RSI(12): 67.64 – Losing strength, supporting bearish momentum ahead.
3. MACD:
• Momentum is fading, with a bearish crossover forming – a critical signal of reversal.
4. OBV:
• Volume divergence shows declining interest, suggesting weaker buying momentum.

Support & Resistance:
• Immediate Resistance: $0.1770 – A tough zone, with sellers likely to dominate.
• Immediate Support: $0.1700 – Weak short-term support, prone to break.
• Key Support Zone: $0.1650 – Break below here confirms a bearish shift.

Bearish Trading Plan:
• Short Entry:
• Range: $0.1720–$0.1770
• Target 1: $0.1650
• Target 2: $0.1600
• Stop-Loss: $0.1780
• Confirmation Indicators:
• Watch for MACD bearish crossover.
• RSI dropping below 60 would solidify bearish momentum.

Summary:

HBAR is signaling exhaustion after its recent rally, with overbought RSI and declining momentum aligning for a potential bearish correction. Traders should focus on resistance rejection and lower volume as opportunities to enter shorts. Key levels must be closely monitored to confirm this setup.

Stay vigilant and profit from the momentum shift!