HBAR buyers struggle to capitalize on the increased buying pressure and are at the verge of losing the $0.10 mark. Should you keep holding?

Key technical points:
<ul>
 	<li style="font-weight: 400">HBAR prices struggle to sustain above $0.10.</li>
 	<li style="font-weight: 400">The MACD indicator shows a bullish crossover.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Hedera is $41.34 Million, indicating a 26% increase. </li>
</ul>
<h2>Past Performance of HBAR</h2>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/hbar-technical-analysis-bearish-comeback-kicks-down-0-20">previous analysis</a>, HBAR prices break under the crucial support zone at $0.20, resulting in a fall to $0.085 under the mental barrier of $0.10. However, the price returned from $0.10  to retest the broken barrier upon which the post-retest reversal chances increase.

<img src="https://s3.tradingview.com/snapshots/d/d7VwEsEI.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/d7VwEsEI/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>HBAR Technical Analysis </h2>
The reversal in HBAR prices from $0.085 to $0.10 will be meaningless if the buyers fail to capitalize on the increased trend momentum. However, the present circumstances of lowered trading volume project a high probability of bullish failure. 

The 58% downfall after the support zone fallout further increased the bearish spread among the crucial EMAs.  

The sudden reversal in RSI values from the oversold territory surpasses the 14-day SM(yellow) and approaches the halfway line. Moreover, the bullish divergence led to uptrend discharges as the RSI values took a setback.

The MACD and signal lines take a bullish turnaround resulting in a positive crossover below the zero line. As the lines take a positive approach and attempt to reach the zero line, we can surely see a resurgence in the bullish histogram if the uptrend sustains.

In short, the HBAR technical analysis depicts a bullish reversal possibility waiting for a push in trading volume.
<h2>Upcoming Trend</h2>
Currently, the HBAR prices form a 7% bearish candle and hint at a retracement to $0.085, but the reversal rally above $0.10 clings to its nails and hope for a surge in buying pressure. However, to avoid the FOMO, traders must wait for the $0.115 breakout before taking a bullish position.

Support Levels: $0.080 and $0.047

Resistance Levels: $0.115 and $0.15

HBAR Technical Analysis: Depressed Bulls Struggle Above $0.10

HBAR buyers struggle to capitalize on the increased buying pressure and are at the verge of losing the $0.10 mark. Should you keep holding?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

HBAR Technical Analysis: Depressed Bulls Struggle Above $0.10

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