⚠️ $HBAR Market Under the Microscope – Will the Critical Support Survive? ⚠️
📉 $HBAR is still fighting within a clear downward channel, testing the critical support at 0.155 after failing to break the resistance at 0.23.
The downward trend line remains strong, but the decline in sales volume gives us a glimmer of hope for the support holding.
🛡️ Can the support hold? The opportunity looks promising, especially with the price converging with previous lows and the stacking of EMA indicators that could be the spark needed for intense defense if buyers decide to show up strongly.
🚀 The chances of breaking the resistance in the short term are weak, and a recovery in BTC is necessary first.
Closing above 0.23 is key for any upward movement with an expected rise between 5-7%.
⚡ Risks remain, especially with the possibility of breaking support and the downward channel, which could push the price down towards 0.15 or lower if selling dominance escalates.
🎯 The targets ahead of us: a strong rebound towards 0.18 if the support holds, or a drop towards 0.14 in case of failure.
📊 Technical indicators are raising flags: RSI at 28 indicates strong overselling, with the trend line remaining under observation and a contraction in the MACD chart, indicating that the next move could be decisive.
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