HBAR Technical Analysis in a Weekly Timeframe
2024-09-05

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Now, let’s dive into this chart analysis:

HBAR has been in a bearish trend for quite some time and is currently holding at the support trendline. The support range between $0.0290 and $0.0375 is crucial for a potential rebound.

Failure to hold this support level could have a further negative impact on the price in the long term.

On the other hand, a rebound from the current price or the support range could lead to a test of the resistance trendline near $0.0767. To reach its all-time high, HBAR would need a 14x-15x gain, which would be a significant challenge.

Key Levels:

- Initial Support: $0.0452.
- Crucial Support/Good Entry: $0.0290.
- Primary Resistance: $0.0767.
- RSI: Close to the oversold zone.

DYOR, NFA.

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