Since mid-January, HBAR has been experiencing a continuous downward trend due to market pressures. Despite finding support around $0.20, overall market conditions and technical indicators suggest a weak likelihood of significant price recovery in the near future. The Average Directional Index (ADX) is steadily increasing, indicating a strengthening downtrend with a potential further decline in HBAR price. Market sentiment towards HBAR remains negative, with the Relative Strength Index (RSI) bordering on oversold territory, reflecting overall market pessimism. Currently trading at $0.20, slightly above the $0.19 support level, if the current trend persists, HBAR may decline further towards the next support at $0.17, potentially breaking it and leading to further price reduction. However, a successful break above the $0.22 resistance could indicate a change in the HBAR price trend, potentially invalidating negative predictions and signaling a reversal. Converting this level into support could suggest a turnaround and challenge negative forecasts.
