$HBAR HBAR/USDT: Layer 1 Token Tanks – Is This The Bottom?
HBAR is getting wrecked today, crashing **-7.19%** to **$0.20795** with **69.57M USDT** volume. The Hedera token just sliced through all key moving averages – is this panic selling or a potential buying opportunity?
**Why The Bloodbath?**
- Layer 1 sector getting crushed (SOL, ADA also down)
- "HBAR" now jokingly called "Hard Bearish Absolute Ruin"
- RSI(6) at **35.29** – not oversold yet
**Critical Levels:**
- **Support:** $0.20069 (24h low) – lose this and $0.19 is next
- **Resistance:** $0.20979 (MA7) – must reclaim for recovery
**Technical Breakdown:**
- MACD negative (**-0.00024**) – bears in control
- Price below MA cluster (7/25/99-day)
- **327M HBAR** traded shows strong interest
**Prediction:**
If BTC bounces, HBAR could pump to **$0.21167**. But break **$0.20069** and we're testing **$0.199** fast.
**How To Trade:**
- **Aggressive:** Small buys at $0.203 with stops at $0.199
- **Patient:** Wait for RSI <30 + volume spike
- **Avoid:** Heavy positions until $0.20979 breaks
Trade small – this one moves fast!
