$HBAR 📊 HBAR | Is Hedera nearing a reversal?
After a sharp drop from $0.1309 to $0.0706, the coin has started approaching important technical levels.
🔍 Technical indicators:
- RSI at 32, close to oversold territory.
- Lower Bollinger Band: $0.06590.
- Middle band: $0.07709.
🟢 Support: $0.0675 – $0.0659.
🔴 Resistance: $0.0770, then $0.0880.
📈 Bullish scenario: Holding above support, along with buying inflows, could push the price toward $0.077, then $0.088.
📉 Bearish scenario: A break below $0.0659 could lead to further declines.
🎯 The most important question:
Are we seeing accumulation before a new rally, or has HBAR’s correction not yet run its course?
What do you expect?
#HBAR #Hedera #Crypto #BinanceSquare $HBAR
After a sharp drop from $0.1309 to $0.0706, the coin has started approaching important technical levels.
🔍 Technical indicators:
- RSI at 32, close to oversold territory.
- Lower Bollinger Band: $0.06590.
- Middle band: $0.07709.
🟢 Support: $0.0675 – $0.0659.
🔴 Resistance: $0.0770, then $0.0880.
📈 Bullish scenario: Holding above support, along with buying inflows, could push the price toward $0.077, then $0.088.
📉 Bearish scenario: A break below $0.0659 could lead to further declines.
🎯 The most important question:
Are we seeing accumulation before a new rally, or has HBAR’s correction not yet run its course?
What do you expect?
#HBAR #Hedera #Crypto #BinanceSquare $HBAR