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HBAR Price Prediction: Massive Move Coming Soon?
- Hedera (HBAR) price is showing signs of life after a downtrend, sparking questions about a potential bullish reversal or a dead cat bounce.
- The daily chart indicates a persistent downtrend since mid-May, with key support around $0.150 holding crucially, but potential targets opening up at $0.140 and $0.125 in a severe selloff.
- The 20-day SMA crossing below the 50-day SMA confirms bearish momentum, with a mean reversion bounce possible to $0.170, offering a 10.32% upside from current prices, contingent on a reversal candle and high volume.
- On the hourly chart, Hedera price has stabilized between $0.150 and $0.155, showing short-term accumulation, but bearish alignment of moving averages persists.
- Key resistance levels stand at $0.156 and $0.161–0.165, with support at $0.150 and potentially $0.140 if breached.
- Short-term indicators suggest exhaustion of selling pressure, but a definitive bullish reversal is yet to materialize, with a potential bounce hinging on a doji or bullish engulfing candle on the daily chart.
- If HBAR holds above $0.150 and reclaims $0.156, a move to $0.165 could be underway, offering a recovery of around 7%–8%; otherwise, a drop to $0.140 or $0.125 might follow.
- The likelihood of a short-term bounce is estimated at 60%, but the sustainability remains uncertain due to the bearish moving average structure.
- Traders are advised to await confirmation for potential setups, with a cautious approach towards trading above $0.156 with tight stops.
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