Altcoin Analysis: #HBAR

Currently down 52% — Has it stopped falling?

HBAR has plummeted 52% from its highest point of $0.40 this year, with the current trading price at $0.18. Bearish indicators suggest that the downtrend may continue.

🔹Key Bearish Signals:

⚠️ RSI is 40.62 — There is still room for decline

⚠️ Elder-Ray Index has been negative for 7 consecutive days — Sellers are in control

⚠️ Downward channel signal indicates further decline

If selling pressure persists, HBAR may drop to $0.16 or even lower.

Breaking through $0.24 would bring a turnaround.