📊 Technical Update on Hedera (HBAR/USDT)
I share with you this detailed analysis on the daily chart (1D) of $HBAR. We are observing a crucial phase of lateral consolidation within a longer-term bearish channel.
Key points:
📉 The price is compressing into a pennant/triangle formation, testing the dynamic support provided by the MA20.
🎯 Fibonacci levels indicate significant resistance near the 0.5 level (~0.095) and key support below 0.072.
⚖️ The RSI (14) remains in neutral territory (~42.5), reflecting short-term indecision.
The strategy:
The key now is to be patient and wait for a confirmed breakout with a notable increase in volume, either above the pennant to seek higher resistances, or below the dynamic support to retest the previous lows.
What do you think? Do you see an imminent bounce or a continuation of the main bearish trend? 🤔
