- Hedera (HBAR) is trading at $0.25 following a short-term pullback, with technical indicators showing neutral signals.
- Speculation about a potential BlackRock HBAR ETF continues to support bullish sentiment among investors.
Hedera (HBAR) is experiencing a price pullback after last week’s surge, with technical indicators showing mixed signals. While speculative news of a BlackRock HBAR ETF supports bullish sentiment, recent profit-taking has pressured the market.
HBAR’s Recent Price Movement
HBAR is trading at $0.25, down 3.74% in the past 24 hours. The cryptocurrency surged 7.62% on August 14 to reach $0.2625 but faced consecutive corrections of 3.51% and 3.74% over the following days. Trading on Binance remains active, with a 24-hour volume of over $51 million, signaling continued interest despite recent declines.
Hedera Technical Analysis Reveals Neutral Signals
Key indicators for HBAR suggest a balance between bulls and bears. The Relative Strength Index (RSI) stands at 48.69, indicating neutral momentum, while the MACD histogram shows short-term bearish pressure at -0.0028. The proximity of the 12-period and 26-period EMAs at $0.25 highlights potential for a quick trend reversal if buying pressure returns.
Bollinger Bands place HBAR near the middle band, with a %B value of 0.3319, hinting at potential short-term oversold conditions. Daily ATR of $0.02 reflects moderate volatility, offering opportunities for range-bound trading strategies.
Hedera Key Support and Resistance Levels
HBAR traders are closely watching support and resistance zones. Immediate support sits at $0.23, with a stronger floor at $0.14 if selling intensifies. On the upside, resistance levels stand at $0.28 and a significant psychological barrier at $0.30. The pivot point of $0.25 serves as a critical level—trading above it favors bullish continuation, while a sustained drop below could indicate further downside.
Trading and Investment Considerations
Swing traders may find buying opportunities near $0.23, targeting the $0.28 resistance for an approximate 12% upside. Day traders could leverage the $0.24-$0.26 range for short-term strategies, capitalizing on moderate price swings. Long-term investors might consider the potential BlackRock ETF as a catalyst for substantial gains, but its speculative nature calls for careful risk management.
HBAR’s price is at a pivotal point, with mixed technical signals and speculative fundamental catalysts shaping market sentiment. Maintaining above the $0.23 support is key for a potential rebound, while traders monitor volume and RSI movements for clearer directional cues. The BlackRock ETF speculation remains a bullish backdrop, but short-term price movements will likely reflect broader market trends and Bitcoin’s performance.
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