- The HBAR coin price reclaims the 20 EMA in the daily time frame chart
- The HBAR/BTC pair was trading at 0.000006162 BTC with a loss of 6.97%
- the 24hr trading volume in HBAR coin is $348.9 Million, indicating a 11.23% hike
The HBAR coin tried to continue its rally when the price bounced from the $0.3 support with a double bottom pattern. However, the price couldn’t pass the crucial resistance of However, the price couldn’t pass the crucial resistance of $0. The coin price managed to sustain above the 50 EMA, and could again try to breakout from the overhead resistance.
Regarding the EMAs, the HBAR coin price is trading above the crucial EMA of 20, 50, 100 and 200, indicating a bullish alignment in this chart. Moreover, the price has recently reclaimed the 20 EMA line
The RSI value is at 50, indicating a neutral emotion in this coin.
The HBAR Coin Is Respecting The Levels Of Ascending Trendline
The HBAR coin chart shows a highly reliable trendline, which has provided multiple support to the coin price. Until this trendline is intact the coin will remain in an uptrend, and the crypto can find good entry opportunity whenever price indicatie strong demand pressure at this line. The current price of HBAR coin is The current price of HBAR coin is $0.
The super trend indicator projects a uptrend in this lower time frame chart.
The moving average convergence/divergence indicator (BEARISH) shows the signal and MACD lines have just moved above the neutral area (0.00), indicating a bullish momentum in this coin.
Conclusion: From the technical perspective, the short-term trend for HBAR coin is still bearish. However, as mentioned above, the interested crypto traders can consider to enter when the price bounces from the ascending trendline. The $0.41 is crucial resistance for this coin and its breakout holds and excellent opportunity for these traders.
Support: 0.337
Resistance: $0.41