Hedera (HBAR) at Critical Support: Oversold Signals May Determine Market Direction

Hedera (HBAR) has dropped by 9% in the last 24 hours and by 25% in the last month, reaching a level that has caught the attention of investors. These sharp losses indicate that HBAR is at a critical turning point and the market is starting to produce decisive signals about its direction.

Among the technical indicators, BBTrend and RSI indicate falling momentum and oversold conditions. This situation may support a possible recovery movement but also raises the risk of a deeper decline.

Technical Analysis: HBAR is Trying to Hold Support

According to COINOTAG analysis, it is critical for HBAR to maintain its support at the $0.153 level in order to prevent a further downward break. Closures below this level could push the price down to the $0.124 range. For upward potential, $0.168, $0.175, and $0.183 levels stand out as strong resistance areas.

BBTrend: Is Selling Pressure Decreasing?

The BBTrend indicator is currently at -1.2. While this indicates a recovery compared to previous low levels, it also shows that the trend is still in a bearish market. Nevertheless, this gradual improvement in the indicator can be interpreted as a signal of decreasing selling pressure.

At this stage, investors should closely monitor whether BBTrend is moving towards neutral zones. If such a movement is observed, it may indicate that buyers are regaining strength and increase the likelihood of a short-term rally.

RSI: Opportunities May Arise in the Oversold Region

The Relative Strength Index (RSI) recently fell from 61.99 to 22.29, indicating oversold conditions. The RSI dropping to such low levels indicates that selling has reached saturation and a buying reaction may occur.

Especially the RSI remaining below 30 implies that the asset is trading "below its value" in the short term. In this context, maintaining the $0.153 support could technically create an important ground for a potential recovery.

New Scenario Between Support and Resistance

Currently, HBAR is trying to hold at the $0.153 level, which previously formed a strong base during earlier declines. Losing this support could cause the decline to deepen to the $0.124 level. On the other hand, in a bullish scenario, the $0.168 resistance will be tested first. If this level is surpassed, the next targets will be $0.175 and then $0.183.

However, for this bullish scenario, not only technical indicators but also an increase in trading volume and market confidence is required.

Conclusion: Cautious Optimism for HBAR

The overall outlook indicates that Hedera is currently in the oversold region and has a chance of a technical recovery in the short term. However, this depends on maintaining the $0.153 support and the volume-supported break of upward resistance levels. In an environment where bearish market signals are still strong, it is very important for investors to make cautious and data-driven decisions.

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