๐ฎ HBAR at a Turning Point โ Will It Bounce Today? ๐๐
๐ Key Observations:
๐ Current Price: $0.2453
๐ Recent Low: $0.2255 (Aug 2) โ formed a higher low, a bullish sign!
๐ Moving Averages:
๐ก MA(7): $0.2496 โ Price is slightly below, short-term pressure.
๐ด MA(25): $0.2496 โ Also breached.
๐ฃ MA(99): $0.2438 โ Acting as support, very important.
๐ Volume:
Slow but steady volume increase on the rise from $0.2255.
No major red spikes = sellers losing grip.
๐ Structure:
Cup-shaped recovery โ with mild dip โ not a breakdown yet.
Holding above MA(99) could trigger an upward reversal today.
๐
Todayโs Outlook:
โ Upward move possible, IF:
๐ช Price holds above $0.243 (MA99 support).
๐ผ Bullish volume shows up soon.
๐ A strong green candle closes above $0.248.
Target: $0.25+ re-test later today.
โ ๏ธ Caution Zone:
๐จ Drop below $0.243 could send price down to $0.238โ0.230 range.
๐ง Final Verdict:
HBAR is holding the line โ๏ธ โ if support holds, expect a bullish breakout. Eyes on the next 2โ3 candles! ๐๐
Note: Not a financial advice. DYOR!