Overview
- HBAR trades around $0.16 after a sharp pullback, with recent sessions failing to sustain moves above roughly $0.19–$0.21 as liquidity holds near $353 million in daily volume.
- The 50-day EMA is nearing a cross below the 200-day EMA, a bearish signal that could accelerate downside, while volatile funding rates reflect futures traders’ uncertainty.
- Market focus centers on defending $0.15–$0.16 support and retesting $0.19–$0.21, with analysts looking for a daily close above $0.21 to confirm a momentum shift.
- Short-term risk skews lower with projections of a slide toward about $0.154–$0.145 if selling intensifies, though a breakout could later target the $0.30–$0.35 area.
- Longer-term chart work outlines an ascending channel and recurring flag patterns, with some analysts projecting a possible path toward $1.60–$1.80 if a major breakout materializes.