Hedera (
$HBAR ) is currently showing signs of significant cooling after a massive vertical rally. Here is a breakdown of what the current price action tells us 👇:
Current Price: $0.11160 (+2.74%)
The "Blow-Off Top": We saw a massive spike to a high of $0.40139, followed by a sharp retracement. This suggests a period of intense profit-taking and a potential reset of the trend.
Moving Averages (MA): The price has fallen below the MA(7) (Yellow line at $0.184) and the MA(25) (Purple line at $0.145). Historically, when the price sits below these short-term averages, it indicates a bearish momentum in the immediate term.
Volume: We are seeing a decrease in buying volume compared to the massive green spikes seen earlier in the year. This consolidation is typical after a parabolic move.
📉 Support & Resistance Levels:
Immediate Resistance: $0.145 (MA 25).
$HBAR needs to reclaim this level to show signs of a trend reversal.
Major Resistance: $0.184 (MA 7). A break above this would be highly bullish.
Support Zone: The price is searching for a bottom. The $0.10 - $0.11 range is a psychological floor that bulls need to defend.
💡 The Verdict:
$HBAR is currently in a distribution/consolidation phase. The aggressive "pump" phase has ended, and the market is now looking for a fair value.
For Long-term Holders: This could be a "wait and see" zone to see if $0.10 holds as support.
For Traders: High volatility is expected. Avoid FOMO (Fear Of Missing Out) until a clear "Higher High" is formed on the 4h or Daily timeframe.
What’s your move? Are you Accumulating or Waiting for lower entries? Let me know in the comments! 👇
#hbar #HBARUSDT #analysis