Technical Analysis of HBAR/USDT (Weekly Chart)

1. Trend and market structure

Strong bullish momentum: The price experienced a significant rise from approximately $0.04 to $0.40, indicating an aggressive expansion phase.

Current pullback: Following the peak at $0.40, the price has been declining, forming bearish candles. This suggests a corrective phase after the significant rise.

Moving averages as support:

The 200 SMA (red) has just crossed above the 50 SMA (yellow), which is usually interpreted as a long-term bullish signal.

However, the price is retracing towards those areas, which could be used as support.

2. Volume and movement validation

Increase in volume during the rise: Strong buying volume is observed during the rise towards $0.40, confirming that the bullish movement was backed.

Decline in volume during the correction: During the current drop, volume has decreased, suggesting that selling pressure is not as strong as during the rise.

Interest levels:

Zone of $0.13 - $0.14 (50 and 200 SMA): Possible support where the price could stabilize or bounce.

Zone of $0.10 (blue SMA): Key support if the price continues to fall.

3. Projections and scenarios

✔️ Bullish scenario:

If the price respects the $0.13 - $0.14 zone and forms reversal patterns with good volume, it could resume the bullish trend with targets towards $0.22 and $0.30.

❌ Bearish scenario:

If the price breaks the $0.13 - $0.14 zone with high volume, it could continue to fall to $0.10, where the blue SMA is located.

Conclusion

The overall trend remains bullish, but the price is in a corrective phase. It is crucial to observe if the $0.13 - $0.14 zone acts as support with buying signals or if it is lost with high volume, which would open the door to deeper declines.