HBAR’s rocket ride has hit a snag. After a breathtaking climb, the altcoin is wrestling with gravity around the crucial $0.20 mark. Will it blast through, or succumb to the pull of a downward spiral?
While traders are hopeful for a breakout, there are growing concerns over its ability to maintain momentum.
HBAR Traders Remain Bullish
HBAR’s funding rate is flashing green, a neon sign screaming “bull market ahead!” Traders are piling into long positions, practically tripping over themselves to bet on HBAR’s ascent. Forget subtle optimism; this is a full-blown stampede, fueled by the expectation of serious gains. The market’s pulse is quickening, and HBAR is the adrenaline.
HBAR bulls are charging, fueled by a wave of positive vibes that could catapult its price skyward – provided buyers keep the upper hand. But lurking beneath the surface of this optimism is a nagging worry: HBAR’s repeated inability to firmly plant its flag at the $0.20 support level. Will it break through, or will this resistance become its undoing?
HBAR Funding Rate. Source: Coinglass
HBAR’s month-long joyride might be screeching to a halt. The MACD, a key momentum gauge, is flashing warning signs, poised for a bearish turn that could deflate the recent bullish balloon.
“Brace for impact? A bearish crossover has emerged, signaling a weakening grip from buyers. If this trend accelerates, HBAR could enter a danger zone, starved of demand and vulnerable to a sharp market correction. The countdown has begun.”
These mixed signals, with strong support from traders but conflicting technical indicators, have created uncertainty about HBAR’s future movement.
The altcoin’s weeks-long winning streak might be skidding to a halt. Its upward climb is losing steam just as it approaches a critical resistance zone, potentially setting the stage for a price pullback.
HBAR MACD. Source: TradingView
HBAR Price Needs To Find Stability
HBAR bleeds red, down 6% in the last day. The critical $0.20 support crumbles as the bears tighten their grip.
The altcoin’s price wobbled, a fleeting dip in an otherwise impressive seven-week climb. Yet, a shadow lingers: $0.20 remains stubbornly out of reach as a stable foundation. Will this persistent resistance stunt its budding ascent?
HBAR teeters on a knife’s edge. A slip below this price point spells a rendezvous with resistance at $0.22. Breaching that barrier is the key to shattering the holding pattern.
Yet, mixed market cues could prolong the sideways action, with $0.18 serving as a key support point.
HBAR Price Analysis. Source: TradingView
HBAR teeters on a knife’s edge. Below $0.18, the bears seize control, shredding the bullish narrative. A descent to $0.16 isn’t just a dip – it’s the uptrend’s obituary. Investors, brace yourselves; this fall could be a portfolio bloodbath.
Thanks for reading Traders Bet on HBAR Price to Rise as Hedera Struggles to Hold $020
