HBAR Technical Analysis in a Weekly Timeframe
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Now, let’s dive into this chart analysis:
HBAR has been in a bearish trend for quite some time and is currently holding at the support trendline. The support range between $0.0290 and $0.0375 is crucial for a potential rebound.
Failure to hold this support level could have a further negative impact on the price in the long term.
On the other hand, a rebound from the current price or the support range could lead to a test of the resistance trendline near $0.0767. To reach its all-time high, HBAR would need a 14x-15x gain, which would be a significant challenge.
Key Levels:
- Initial Support: $0.0452.
- Crucial Support/Good Entry: $0.0290.
- Primary Resistance: $0.0767.
- RSI: Close to the oversold zone.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
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#PEACE
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
HBAR has been in a bearish trend for quite some time and is currently holding at the support trendline. The support range between $0.0290 and $0.0375 is crucial for a potential rebound.
Failure to hold this support level could have a further negative impact on the price in the long term.
On the other hand, a rebound from the current price or the support range could lead to a test of the resistance trendline near $0.0767. To reach its all-time high, HBAR would need a 14x-15x gain, which would be a significant challenge.
Key Levels:
- Initial Support: $0.0452.
- Crucial Support/Good Entry: $0.0290.
- Primary Resistance: $0.0767.
- RSI: Close to the oversold zone.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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