$HBAR Technical Charts Spook Traders – Is Bullishness Fading for Hedera?

#MarketPullback 🕉️ Buy and trade here 👇

#HBAR has recently experienced a decline in price, as traders’ optimism fades, marking a shift towards bearish sentiment.

This downward trend, combined with fading bullish signals, suggests that the altcoin may be heading for a more prolonged period of price declines.

🐳HBAR Price Needs To Pick A Direction🐳

Currently, HBAR is priced at $0.168, just under the resistance of $0.172. Given the mixed market sentiment, which combines bearish indicators and fading bullishness, a decline in price seems likely.

The resistance level at $0.172 remains a significant barrier for HBAR, and failure to break through this level could lead to further price weakness.

If the $0.163 support level fails to hold, HBAR could experience a further decline, possibly reaching $0.154. This drop would extend the current losses and could signal a deeper bearish trend, prompting more traders to reconsider their positions and further fueling the downtrend.

HBAR Price Analysis. Source: TradingView

However, if HBAR manages to break past the $0.172 resistance level, it could push toward the next resistance at $0.182.

A successful breach of this level would likely instill confidence among traders and investors, reversing the current bearish sentiment and invalidating the negative outlook for HBAR.

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