HBAR Price in Peril: Headed for $0.10 or Higher Ground?

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William Martin
·

1 min read

Key Points:

  • HBAR price faces a potential double top formation, raising concerns about a bearish reversal.

  • Increased supply pressure at higher levels threatens the current uptrend.

  • A price drop below $0.10 could lead to a further decline towards $0.080.

Double Top Threat Looms

The HBAR price rally seems to be encountering resistance. The formation of a potential double top and growing supply pressure suggest a possible bearish turn. A break below the crucial $0.10 support could trigger a significant price drop.

Technical Analysis:

  • RSI: The indicator's sideways movement hints at indecision among buyers and sellers.

  • DMI: The converging VI lines warn of a weakening bullish trend.

Can HBAR Stay Above $0.10?

Will HBAR defy gravity or succumb to the double top threat? Read the full article for a comprehensive HBAR price prediction and in-depth analysis: https://coinpedia.org/price-analysis/hbar-price-under-pressure-warns-0-10-crackdown/