HBAR Confirms Double-Bottom Reversal, Eyes $0.14 Resistance
- Technical Reversal Confirmation: HBAR's price has confirmed a double-bottom reversal pattern, indicating a transition from a prolonged downtrend to a potential bullish phase, suggesting seller exhaustion and a regain of market control by buyers.
- Support Level Reclaimed: The price has reclaimed the value area low, acting as bullish support, indicating market acceptance of this level and further boosting buyer confidence.
- Key Resistance Target: The current upside focus shifts toward the $0.14 high-time-frame resistance, with a breakthrough at this level significantly increasing the likelihood of continued price appreciation.
- Importance of Volume: For the bullish scenario to materialize, increasing volume is critical, as the effectiveness of reversal patterns relies on sustained buying pressure to push prices through intermediate resistance levels.
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Technical Analysis for HBAR
Technical Sentiment Analysis for Hedera (HBAR) As of , Hedera (HBAR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HBAR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, HBAR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hedera (HBAR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0483 | 0.0602 | 0.075 | 0.0869 | 0.102 | 0.113 | 0.128 |
| Fibonacci | 0.0602 | 0.0704 | 0.0767 | 0.0869 | 0.097 | 0.103 | 0.113 |
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