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? Key technical points: HBAR prices struggle to sustain above $0.10. The MACD indicator shows a bullish crossover. The 24-hour trading volume of Hedera is $41.34 Million, indicating a 26% increase. Past Performance of HBAR As mentioned in our previous analysis, 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. Source-Tradingview HBAR Technical Analysis 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 s...