HBAR: Pullback in Uptrend

BINANCE:HBARUSDT   Hedera Hashgraph / TetherUS
Hedera Hashgraph (HBAR) technical analysis:

Trade setup: Price was rejected at $0.10 and broke out of Descending Triangle (bearish) below $0.08 support. Pullback to $0.06 support and 200-day moving average and could serve as an attractive swing entry area.

Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.

Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.

Support and Resistance: Nearest Support Zone is $0.06, then $0.04. The nearest Resistance Zone is $0.08, then $0.10.


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