HBAR – ALTCOIN CHART ANALYSIS

HBAR is also in a clear downtrend. Right now we are trading around $0.14 and continue to make lower lows. Furthermore, we get no purchase volume in the market.

This is a sign that the bottom has not really been hit yet. While the RSI has entered oversold territory on the smaller timeframes, we see no signs of a trend reversal, at least in the short term.

The next supports are in the area around USD 0.12 in the form of the monthly support. The fact that we are starting this again is currently a strong indication. Thus, the downtrend could continue for a while as long as we do not see a final trend reversal in Bitcoin.

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