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Hedera (HBAR) has experienced a 4% uptick in the last 24 hours, yet it remains entrenched in a short-term downtrend, trading below the critical resistance level of $0.160.
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Technical indicators reveal mixed signals: while the BBTrend has plunged to -12.41, indicating growing bearish momentum, the RSI has rebounded sharply to 50.39, suggesting renewed buying interest.
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According to COINOTAG analysis, the current price action places HBAR at a pivotal juncture, where overcoming resistance or succumbing to support levels will dictate its near-term trajectory.
Hedera (HBAR) shows mixed signals with a 4% rise amid bearish BBTrend and recovering RSI, facing key resistance at $0.160 that will determine its next move.
Hedera Slides as BBTrend Turns Deeply Negative
Hedera’s momentum is weakening as the BBTrend indicator has sharply dropped to -12.41 from -0.83 just two days prior, signaling a significant increase in bearish pressure. Earlier today, the BBTrend reached a low of -13.43 before a slight recovery, underscoring intensifying downward momentum.
This rapid decline in BBTrend suggests that sellers are gaining control, pushing HBAR into a deeper downtrend phase. The indicator, which measures price movement strength and volatility through Bollinger Bands, confirms that the current trend is strongly bearish.
BBTrend’s negative reading implies that unless buying pressure increases, HBAR may continue to face downward pressure or consolidate near lower support levels, potentially delaying any sustained recovery.
HBAR Momentum Recovers as RSI Rebounds from Oversold Zone
Contrasting the bearish BBTrend, Hedera’s Relative Strength Index (RSI) has surged to 50.39 from a deeply oversold 26.6 just two days ago. This rebound indicates a resurgence of buying interest and a potential halt to the recent sell-off.
The RSI, a momentum oscillator ranging from 0 to 100, typically flags oversold conditions below 30 and overbought conditions above 70. HBAR’s current neutral RSI level suggests a balance between buyers and sellers, positioning the token at a critical pivot point.
This neutral RSI zone could lead to a bullish breakout if upward momentum persists or renewed selling if resistance proves too strong, making the next price movements crucial for market sentiment.
Hedera Faces Make-or-Break Moment Between $0.160 and $0.155
HBAR remains under bearish pressure as short-term Exponential Moving Averages (EMAs) continue to trade below their long-term counterparts, reinforcing the downward trend. However, price action is approaching a key resistance level at $0.160, a critical threshold for potential trend reversal.
A decisive breakout above $0.160 could pave the way for gains toward $0.175, with further upside targets at $0.183 and $0.193 if bullish momentum strengthens. Conversely, failure to breach this resistance may result in a retest of support at $0.155.
A breakdown below $0.155 would likely accelerate the bearish trend, pushing HBAR toward $0.150 and reinforcing the current negative technical structure. Traders should monitor these levels closely for actionable signals.
Conclusion
Hedera (HBAR) is at a critical crossroads as bearish momentum intensifies, yet signs of renewed buying pressure emerge. The interplay between the deeply negative BBTrend and recovering RSI highlights a market in flux. The $0.160 resistance zone will be decisive in shaping HBAR’s near-term direction, with a breakout potentially reversing the downtrend and a rejection possibly deepening losses. Investors and traders should watch these technical indicators and price levels carefully to navigate the evolving landscape.
