Here’s the key support level Hedera [HBAR] can retest before a bullish recovery
Main Idea
Hedera (HBAR) may experience a price dip to $0.22 or lower, but a bullish reversal is possible if Bitcoin remains above $112k, with long-term market structure remaining bullish.
Key Points
1. HBAR could retest the key support level at $0.22 or slightly lower, with a potential bullish reversal if Bitcoin stays above $112k.
2. The $0.218-$0.223 region has built liquidity since mid-July, making it a likely target for a brief price dip.
3. Long-term market structure for HBAR remains bullish, but a drop below $0.206 would be concerning.
4. The A/D indicator and CMF show weak demand and significant capital outflows, suggesting a near-term price dip.
5. Traders may consider staying sidelined, while investors could look to buy the dip.
Description
HBAR can dip to $0.22 or slightly lower soon. Traders might want to stay sidelined for now.
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