analysis, perspectives and suggestions on the following chart
The chart shows the HBAR/USDT pair in a 4-hour time frame, with a current price of 0.23742 USDT and a recent drop of 4.48%.
Key technical analysis:
• The price is in a visible downtrend from a peak near 0.29, with recent support around 0.235.
• The EMA7 (0.2491) and EMA25 (0.2543) are above the price, confirming short-term bearish pressure.
• The volume shows a moderate level with a slight decline in the last candle, suggesting some reduction in selling pressure.
• The RSI and MACD are not visible in detail, but the drop and the price position relative to the moving averages indicate negative momentum.
Outlook for the day:
• Bearish pressure remains as long as the price does not recover the EMAs or exceed resistance near 0.242.
• There is significant support at 0.235, whose break with an increase in volume would indicate a continuation of the downtrend.
• A technical rebound could occur if the 0.235 level holds, but confirmation must come with an increase in volume and candle closes above the EMA7.
Suggestions:
• For short-term traders: consider waiting for confirmation of support or rebound before entering long positions. It may be worth considering shorting if the support at 0.235 breaks with volume.
• For holders or medium-term investment: keep an eye on the 0.235 area and wait for clear reversal signals before increasing positions. Also monitor the general context of the crypto market and relevant news about HBAR.
• It is advisable to place close stops to limit risks due to volatility in this area.
This analysis is based on the current chart and data, combined with typical technical conditions of a bearish market in digital assets.
analysis consulted at #Perplexity $HBAR
all mentioned is just an analysis without commitment or a suggestion to buy/sell
