๐จ HBAR at a Turning Point: Oversold Conditions Signal Prime Buy Opportunity Near $0.24! ๐ธ๐๐๐
๐๐ HBAR is showing signs of life, with a modest +2% recovery in the last 24 hours after a rough week.
๐ฅ $2.7 million in long positions liquidated โ bears took control!
๐ฑ Smart Money Index (SMI) sits at 0.98, showing big investors are pulling back (for now).
โ ๏ธ Critical levels to watch: Current price at $0.24, with key support at $0.22 and $0.205.
๐ Market Signals: Whatโs Really Going On? ๐ค
๐ Chaikin Money Flow still shows weak inflows โ bulls havenโt fully returned.
๐ Futures sentiment remains bearish, with more short positions than longs.
๐ Despite Augustโs historic weakness, this bounce may spark renewed buying interest. ๐
๐ง What It All Means (and Why It Might Be Bullish) ๐
Even at $0.24, savvy investors are seeing a potential setup for upside.
If support holds:
โ Bounce potential toward $0.275โ$0.30
โ Bullish reversal if sentiment recovers
โ Institutional buying could resume if stability returns ๐
๐ Key Levels to Watch ๐
๐ Metric ๐งพ Status
Current Price $0.24 ๐ต
Weekly Drop โ17% total ๐
Long Liquidations ~$2.7M wiped ๐ฃ
Smart Money Index (SMI) 0.98 โ bearish bias ๐ง
Support Zones ~$0.22 & ~$0.205 ๐ก๏ธ
Resistance Targets ~$0.26 to $0.30 ๐ฏ
Sentiment Trend Weak inflows, cautious mood ๐
๐ก Bottom Line: Risk Meets Reward ๐ค
HBAR is testing support near $0.24 โ a key psychological level.
If this recovery holds, a breakout above $0.26 could confirm bullish momentum.
๐ Fear may be fading โ and the next wave of buyers could already be lining up. ๐๐ฐ