The popular Hedera token ($HBAR ) has recently suffered a sharp 40% drop and is now trying to recoup these losses. We analyzed the key levels to watch$1000CHEEMS $PNUT

The Relative Strength Index (RSI) is hinting at a possible increase, which indicates that the bullish momentum is strengthening. At the moment, the indicator is gaining strength after reaching a monthly minimum, but it is too early to talk about a full-fledged recovery. The forecast will be confirmed only when the RSI turns the neutral line of 50.0 into support.

It may take some time, but a rise above 50.0 will mark the beginning of a prolonged bullish phase. Until then, investors will continue to take a cautious approach, and the growth of HBAR may face resistance at various levels.

Meanwhile, the Ichimoku cloud outlines the bullish outlook for the cryptocurrency. If the assumption is correct, then we can expect a significant increase in HBAR in the coming weeks. However, it is worth noting that at the time of publication, the token rate line is located below the cloud - this may delay the potential rally.#HBAR.