HBAR’s Wild Ride: Bulls, Bears, and a $0.39 Dream 🌕🚀💸

In the dusty plains of the crypto market, a weary traveler named HBAR has finally broken free from the chains of a descending trendline, a beast that’d been gnawing at its heels since 2022. Analysts, those modern-day soothsayers, are now squinting at their charts, muttering about a possible march toward $0.39. 🧙‍♂️✨ But hold your horses, partner—HBAR’s trading near $0.2385, nursing a bruised ego after a recent correction cooled its bullish swagger. Still, the breakout thesis stands, as stubborn as a mule in a mud pit.

Monthly Breakout: The Downtrend’s Last Gasp? 🤠💨

The monthly chart, shared by the wise sage @Borsaanaliz07, tells a tale of triumph. HBAR’s breakout above the $0.26 resistance pivot is like a cowboy finally lassoing that wild bronco. This ain’t just a blip—it’s the first major bullish reversal since the 2021 cycle, a time when crypto dreams were as big as the Texas sky. The path now points to $0.39200 and, if the stars align, $0.75070. But remember, in this game, the road’s always bumpier than a wagon trail. 🛣️🐎

Borsa Teknik, a voice as steady as a sheriff’s, calls HBAR a critical asset for this cycle. The breakout’s got structural significance, like a barn built to weather any storm. Support zones at $0.18170 and $0.26480 are the safety nets, ready to catch HBAR if it stumbles. But a monthly close above $0.26 is the key to keeping this bullish rodeo alive. If momentum holds, $0.39 to $0.75 ain’t just a dream—it’s a destination. 🌟🎢

Short-Term Jitters: When the Bulls Take a Nap 😴🐂

Despite the long-term promise, HBAR’s been acting like a skittish colt lately. In the past 24 hours, it dropped over 10%, from a high near $0.27 to a low of $0.245, before settling around $0.25. Trading volume spiked to $738.12 million, like a stampede triggered by profit-takers or broader market jitters. The intraday volume spikes scream bearish pressure, and the failure to reclaim $0.26 shows buyers are as hesitant as a cat near a cucumber. 🐱🥒

If HBAR stays below $0.255 with volume drying up, a retest of the $0.23–$0.24 support zone’s as likely as rain in a drought. For a sustainable recovery, bullish candles need volume stronger than a cowboy’s coffee. ☕💪

Momentum Indicators: Caution, or Just a Siesta? 🌞🚦

On the daily chart, HBAR’s down 2.76%, trading at $0.2385, a retracement sharper than a cactus spine. The MACD’s showing the MACD line (0.02530) just above the signal line (0.02478), with the histogram flatter than a pancake at 0.00052. That’s weakening momentum, folks—a bearish crossover’s lurking like a coyote at dusk. 🌇🐺

The Chaikin Money Flow (CMF) sits at 0.00, neutral as a Switzerland in a crypto war. This indecision’s as clear as mud. If the CMF dips negative, it’s risk-off time. But a reversal to positive values? That’s the sound of capital flowing back in. Traders are eyeing the $0.23–$0.25 zone like prospectors at a gold claim. Break below, and $0.20’s in sight—a psychological level as daunting as a desert crossing. 🏜️💰

Read More

2025-07-24 21:45