🔮 HBAR at a Turning Point – Will It Bounce Today? 🚀📊
🔍 Key Observations:
📉 Current Price: $0.2453
🔁 Recent Low: $0.2255 (Aug 2) — formed a higher low, a bullish sign!
📊 Moving Averages:
🟡 MA(7): $0.2496 – Price is slightly below, short-term pressure.
🔴 MA(25): $0.2496 – Also breached.
🟣 MA(99): $0.2438 – Acting as support, very important.
📈 Volume:
Slow but steady volume increase on the rise from $0.2255.
No major red spikes = sellers losing grip.
📉 Structure:
Cup-shaped recovery ☕ with mild dip – not a breakdown yet.
Holding above MA(99) could trigger an upward reversal today.
📅 Today’s Outlook:
✅ Upward move possible, IF:
💪 Price holds above $0.243 (MA99 support).
🔼 Bullish volume shows up soon.
💚 A strong green candle closes above $0.248.
Target: $0.25+ re-test later today.
⚠️ Caution Zone:
🚨 Drop below $0.243 could send price down to $0.238–0.230 range.
🧠 Final Verdict:
HBAR is holding the line ⚔️ – if support holds, expect a bullish breakout. Eyes on the next 2–3 candles! 👀📈
Note: Not a financial advice. DYOR!
