- The HBAR coin price obtains strong support from the 50-day EMA
- The HBAR/BTC pair was trading at 0.000006687 BTC with a gain of 1.15%
- the 24hr trading volume in HBAR coin is $174.1 Million, indicating a 47.2% hike
The HBAR coin shows a steady rally of higher highs and lower highs in its technical chart as ascending triangle is leading this rally by acting as an excellent dynamic support. On November 11the coin provided tried to break out from the crucial resistance of $0.425; however, the price could sustain above this level resulting in a disappointing fakeout.
Concerning the EMAs, the HBAR coin price is trading above the crucial EMA of 20, 50, 100, and 200, indicating a bullish trend in this chart. Moreover, the 50 EMA line provides strong support to the HBAR price.
The RSI value is at 50, indicating a neutral sentiment in this coin.
The HBAR Coin in the 4-hour time frame chart
The fakeout from the ascending triangle pattern triggered this sudden fall in the HBAR/USD chart. The coin price has plunged to the ascending trendline trying to obtain proper support from this level. Until the HBAR price sustains above the support trend line, the crypto traders can maintain a bullish sentiment regarding this coin.
As per the traditional pivot levels, the nearest resistance for HBAR price is $0.43, followed by $0.48. As for the flip side, the crypto traders can expect the nearest support at $0.38, followed by $0.33. The current price of the HBAR coin is $0.4, with an intraday loss of 5%.
Conclusion: From the technical perspective, the HBAR coin shows a remarkable rally in its chart, making it a suitable coin for trend traders. Thus, as mentioned above, these traders should keep a good eye on this ascending trendline, which could provide a box of opportunity for them.
Support: $0.39
Resistance: $0.42