Technical Analysis of $HBAR (Hedera)
Current Price: $0.22066
Volume: 157,007,559.00
Technical Indicators:
- RSI: 33.09 (6-day), 34.65 (12-day), 35.93 (14-day) - All below 50, indicating a bearish trend but not oversold.
- Stochastic Oscillator: K=33.04, D=38.00. K < D indicates bearish momentum.
- MACD: -0.02, signaling bearish as the MACD line is below the signal line.
Fibonacci Levels:
- Pivot: 0.2300
- Resistance Levels: R1=0.2440, R2=0.2520
- Support Levels: S1=0.2170, S2=0.2090
Analysis:
HBAR is currently near the support level S1 ($0.2170). The high trading volume suggests support at current levels, but bearish indicators hint at a possible test of lower supports.
Conclusion:
HBAR is in a bearish trend, nearing critical support levels. A test of lower supports is possible before any potential reversal. Advisable to hold or wait for a bullish signal.