$HBAR 9/28 Daily chart rose 27%, and on 9/29 it fell back to about 14%—two days completed a full round trip.
There are two solid pieces of bullish news: IBM Cloud Catalog has onboarded an identity platform based on Hedera called IDTrust; Securitize has issued tokenized shares of a BlackRock U.S. Treasury money-market fund (ICS) on Hedera—its net asset value exceeds $40 billion.
But on 9/28 the daily RSI hit 81, which is severely overbought, and the pullback on 9/29 was basically just unwinding that portion.
Position (Binance spot): 30 days ago it was 0.073; this move peaked at 0.131; now it’s around 0.105.
0.10 is the whole-number level. A week ago it was at 0.099; further down to 0.088 is the week’s low. Above, 0.12 to 0.131 is the supply/overhang zone for this run.
Plan: Hold 0.10—it’s more like a normal pullback driven by news. If it breaks below 0.10, then most of the 9/28 rally will likely be absorbed/erased. Before chasing, wait for the overbought condition to cool down.
$HBAR
There are two solid pieces of bullish news: IBM Cloud Catalog has onboarded an identity platform based on Hedera called IDTrust; Securitize has issued tokenized shares of a BlackRock U.S. Treasury money-market fund (ICS) on Hedera—its net asset value exceeds $40 billion.
But on 9/28 the daily RSI hit 81, which is severely overbought, and the pullback on 9/29 was basically just unwinding that portion.
Position (Binance spot): 30 days ago it was 0.073; this move peaked at 0.131; now it’s around 0.105.
0.10 is the whole-number level. A week ago it was at 0.099; further down to 0.088 is the week’s low. Above, 0.12 to 0.131 is the supply/overhang zone for this run.
Plan: Hold 0.10—it’s more like a normal pullback driven by news. If it breaks below 0.10, then most of the 9/28 rally will likely be absorbed/erased. Before chasing, wait for the overbought condition to cool down.
$HBAR