HBAR has seen a constantly fixed steady trend, with a significant price rise. However, Altcoin now finds the same struggle to secure the main psychological support at $ 0.20.
While merchants hope to get out, there are increasing concerns about their ability to maintain momentum.
Hbar merchants remain optimistic
The HBAR financing rate was swinging recently, indicating that traders are optimistic and expected to increase prices. This increase in the financing rate indicates that long contracts dominate the market, as traders are betting on Altcoin’s height.
These positive feelings can play a decisive role in paying the HBAR price up, especially if the purchase pressure continues to exceed the activity on the sale. However, despite total optimism, the HBAR struggle to keep $ 0.20 has become a level of support for an anxious point.
On a broader scale, technical indicators such as MACD show that the upscale momentum may weaken. MACD is close to a landing cross, which would indicate the end of the hbar bullish trend.
The landing cross is usually indicated to a decrease in purchase, which may lead to declining price movement. If this trend continues, HBAR may struggle to attract buyers, which leads to a possible market correction.
These mixed signals, with strong support from merchants, but conflicting technical indicators, created uncertainty about the future HBAR movement.
While Altcoin has managed to stay in a positive area over the past few weeks, losing momentum could be a set of price, especially as it is close to the main resistance levels.
HBAR price needs to find stability
At the time of writing this report, the HBAR price has decreased by 6 % over the past 24 hours, and is currently being circulated below the level of $ 0.20.
Despite this short -term decline, Altcoin is still maintaining a seven -week upward trend. However, the inability to secure $ 0.20 as a strong support level can hinder its growth in the future.
If HBAR fails to settle higher than this price level, the next focus will be the resistance at $ 0.22. This level is very important to pay the price until after the current monotheism.
However, mixed market signals can extend side work, with $ 0.18 as a major support point.
A dumping reflection can occur if HBAR decreases to less than the support level of $ 0.18. This indicates that the upward trend lost its strength, which led the price to a decrease to $ 0.16. Such a decrease would nullify the upward trend and lead to great losses to investors.
Disintegration
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