🚨$HBAR
Price Prediction: ($0.18 - $0.28)
Current Pattern:
•Descending Channel / Falling Wedge: The asset is trading within a defined downtrend, characterized by lower highs and lower lows. However, the narrowing structure and decreased volatility suggest a potential bullish reversal.
•RSI Reading: RSI is at 34.47, approaching the oversold zone, which historically supports upward bounces.
•Bollinger Bands: Price is hugging the lower band, suggesting downward exhaustion and a potential mean reversion to the middle band or breakout upward.
📈 Fib-Based Prediction & Green Arrow Forecast
Using the last major impulse leg (from ~$0.06 to ~$0.44 in Dec–Jan):
•Fib Retracement Levels:
•0.382 Fib ≈ $0.28
•0.5 Fib ≈ $0.25
•0.618 Fib ≈ $0.21
Next Moves (if breakout occurs):
1.✅ Breaks above downtrend resistance (~$0.15) → First confirmation
2.🟢 First target: $0.18 (Middle Bollinger Band & recent supply zone)
3.🟢 Second target: $0.21 (0.618 Fib & prior local top)
4.🟢 Third target: $0.25–$0.28 (golden pocket & former breakdown point)
