- The 20-day EMA provide strong dynamic support to the HBAR coin price
- The HBAR/BTC pair was trading at 0.000005807 BTC with a loss of 4.79%
- The 24 hr trading volume in HBAR is $546.9 Million
The HBAR coin offers a great long opportunity for Crypto Investors with the formation of a rounding bottom pattern in the daily time frame. This pattern provides a strong bullish outlook as the price shows a complete shift from a bearish trend to a bullish one. This pattern has a $0.41 neckline as its crucial resistance, and the HBAR traders can add this coin to their watchlist to not miss this excellent opportunity.
Concerning the EMAs, the HBAR token’s price is trading higher than the EMAs 20, 50, 100, and 200, indicating a bullish trend. In addition, the 20 EMA is providing strong dynamic support to the HBAR coin price.
The RSI value (BULLISH) is at 51, indicating a bullish sentiment is still maintained. However, the RSI line also shows a substantial bearish divergence, suggesting the bulls are losing their momentum.
HBAR Token Chart In The 4hr Time Frame
The HBAR coin price has dropped sharply after it got rejected from the crucial resistance of $0.32. The current price of this coin is at 0.265, with an intraday loss of $14.5%. This $0.265 is quite essential for HBAR traders as it can provide strong support for the coin’s price and maintain the bullish trend.
The Moving average convergence divergence(MACD) indicator (BULLISH) shows both the MACD line and signal lines moving above the neutral zone (0.00), indicating bullish sentiment. However, the indicator has provided a bearish crossover of these lines, projecting a sell signal for coin traders.
Conclusion: From the technical perspective, the sentiment surrounding the HBAR coin is still bullish, although the coin’s price has dropped suddenly, indicating intense selling pressure. However, The HBAR traders can wait for the price to close below the $0.265 support to confirm any further falls in this coin.
Support– $0.265
Resistance– $0.318