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The price of Hedera (HBAR) has been in a bearish trend over the last hours, with a drop of -4.66% in the last 24 hours, currently at $0.18596. However, there are technical signs that could indicate an interesting bounce for this weekend.

📊 📌 Technical Analysis

1️⃣ 📉 Moving Averages (EMA):

  • The 50 EMA is at $0.19043, the 100 EMA at $0.19071, and the 200 EMA at $0.19377.

  • The drop below the 50 EMA is bearish, but if the price manages to surpass it soon, we could see a bullish push towards $0.193.

2️⃣ 📊 Bollinger Bands:

  • The price is touching the lower band ($0.18608), indicating overselling and a possible bounce if volume increases.

3️⃣ 📈 MACD:

  • Currently negative, but showing signs of exhaustion in the decline. If the MACD line crosses above the yellow signal, we could see a bullish reversal.

4️⃣ 📊 RSI (Relative Strength Index):

  • RSI 7: 25.21 (oversold)

  • RSI 14: 34.92 (close to oversold)

  • RSI 21: 39.73 (still weak, but possibly recovering)

  • Such a low RSI suggests that the price could seek a technical bounce soon.

🔮 📢 What to expect this weekend?

📌 Bullish scenario 🚀:

  • If the price manages to stay above $0.185, it could attempt a bounce towards $0.190 - $0.193.

  • An increase in volume would confirm this trend, and we could see HBAR attempting to surpass the 200 EMA at $0.19377.

📌 Bearish scenario 🔻:

  • If the support of $0.185 is broken with volume, the next bearish target would be $0.181 - $0.179.

  • The key will be the behavior of volume and the crossing of the MACD in the next hours.

📣 🚀 Is it time to buy?

With the RSI in oversold territory and Bollinger Bands indicating bullish pressure, this could be a good time to accumulate HBAR before a potential bounce. However, it is recommended to wait for confirmations in volume and MACD.

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