HBAR recently witnessed a decrease in the price, as the optimism of merchants fades, which represents a shift towards homosexuality.
This declining trend, along with faded bullish signals, indicates that Altcoin may go longer than low prices.
HBAR merchants are not sure
In the past ten days, HBAR financing has seen transformations from positive to negative, the first in one month. This change in the signs of feelings by traders to control their positions, in favor of short positions on long posts.
The increasing dominance of short pants indicates that market participants are betting on a decrease in prices. This shift indicates a loss of confidence among merchants, who are now expecting a decrease in HBAR.
From a macro perspective, HBAR’s technical indicators also took a downward turn. The RSI, which slipped into the descending area at the end of May, reached its lowest point in two months this week.
The decline in RSI is a strong indication that HBAR faces the increasing sale pressure. With twice the momentum, the probability of continued decreases in the HBAR price increases.
This technical signal, in addition to the negative financing rate, indicates that HBAR may continue to conflict in the short term, with the possibility of increasing the negative side if the current conditions persist.
HBAR price needs to choose the direction
Currently, the HBAR 0.168 price, under $ 0.172 resistance. Looking at the mixed market morale, which combines hippos and climbing indicators, there seems likely to be a decrease in the price.
The resistance level is still at $ 0.172 constitutes a large barrier on HBAR, and failure to penetrate this level may lead to twice the price.
If $ 0.163 support fails, HBAR may have an additional decrease, and may reach $ 0.154. This decrease will extend the current losses and can indicate a deeper landfill, which prompts more traders to reconsider their positions and increase the fueling of the declining direction.
However, if HBAR is able to exceed the level of resistance of $ 0.172, this may lead to the following resistance at $ 0.182.
A successful violation of this level is likely to instill confidence between merchants and investors, which reflects the current landmarks and nullifying the negative expectations of HBAR.
Disintegration
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