Hey Binance Square Family! 🎉 Hedera (HBAR) has been trending sideways with a slight bearish bias, but some technical and on-chain signs hint a bounce could be brewing. Let's unpack the setup in a friendly, clear, and engaging tone—Square-style—along with smart tips for traders.
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🔍 What’s Happening with HBAR?
Short-term bearish structure: Despite a ~4% 24-hr bounce, HBAR remains in a downtrend, trading below key resistance at ~$0.16–0.1616, with BBTrend and EMAs still tilted negative .
Momentum healing: RSI moved up to ~50 from oversold, showing renewed buying interest, though MACD remains bearish and ADX confirms strong trend presence .
Support zone holding: The $0.152–0.155 area has dipped into demand territory—1-hour charts show price testing this range, with open interest rising, signaling renewed interest .
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📐 Key Price Levels to Monitor
Level Importance
**$0.152–$0.155 (Support)** Holds buy interest; a bounce here could be bullish
$0.160–$0.1616 (Resistance) Key barrier; breakout above suggests trend reversal
$0.172–$0.175 (Next Resistance) Sustained volume above $0.165 could fuel move to this zone
Breakdown level: $0.150 Failure here risks deeper drop toward ~$0.142
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🧭 Trades for the Square Fam
Strategy Entry Trigger Targets Stop-Loss
Dip-Buy Buy near $0.152–$0.155 on bounce signs T1: $0.160 • T2: $0.172 Just below $0.150
Breakout Play Buy after clear close above $0.162 + volume T1: $0.172 • T2: $0.185 Below breakout candle (~$0.160)
Cautious Fade Short if price rejects $0.16–$0.162 T1: $0.155 • T2: $0.150 Above $0.162
💡 Smart Tip: Move your stop to breakeven once T1 hits. Lock in profits, ride the bigger move! 🛡️
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✅ Why This Setup Makes Sense
1. Oversold bounce: RSI recovering from oversold is a classic setup for a snapback rally .
2. Support zone defended: Buyer interest (volume, OI) surged around $0.152–0.155, signaling validation .
3. Potential breakout of trend structure: Price recently retested the descending resistance—if that fails, a bullish reversal could follow .
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📊 Broader Outlook
Mixed sentiment: Technicals still biased bearish overall—MAs, BBTrend, Stoch indicate caution .
Medium-term outlook: Optimistic projections see HBAR reaching $0.20 in the near term, with longer-term potential toward $0.33+ if adoption continues .
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🎯 Final Take for HBAR
HBAR is at a crossroads: support around $0.152–0.155 is holding well, and the key resistance sits at $0.160–0.162. A bounce here could launch toward $0.172–0.175, while a breakout above confirms bullish momentum. Bear in mind overarching bearish signals—use clear stops and secure early gains.
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👣 What You Can Do Now
1. 👀 Watch price and volume around $0.152–$0.155 for a bounce pattern.
2. 🟢 A clean break above $0.162 + volume? That’s your kickoff moment.
3. 🛡 Lock in profits via breakeven stops after hitting T1.
4. 🗣 Share your game plan! Dip-buyer, breakout hunter, or waiting on the sidelines?
Stay vigilant, stay disciplined, and let’s grow together, Square Fam! 💚✨
*Disclaimer: Educational insights only. Crypto trading entails risk—always DYOR and manage your risk responsibly.*
