HBAR has lost more than 25 %in the last two weeks, reaching a critical level of support. The fact that price turns have been experienced before this level points to an important breaking point for HBAR. So, will the Token rise or will the fall deepen?
Technical Analysis: Important levels for HBAR
In the daily graph, HBAR seems to be a rising triangular formation. According to the technical analysis, Token has received five times the support level since November 2024. If this trend is maintained, it may be possible for HBAR to reach $ 0.37 with a 25 %rise.
However, if the price closes below $ 0.287, the trend support may be broken, and in this case it may be raised to test the lower support levels with a decrease of 35 %. This scenario may increase risks for investors and cause short -term sales pressure in the market.
Market Movements and Investor Participation
Hbar is currently trading at $ 0.30 and the price has decreased by 4.5 %in the last 24 hours. However, market participation has decreased by 25 %. This shows that investors are waiting due to uncertainty.
The decline in market participation usually indicates that investors expect safer levels. If the price cannot maintain its critical support level, panic sales may be seen in the market. However, if the buyers react strongly, an upward movement may begin for HBAR.
Do long -term investors purchase?
According to over -chain data, HBAR’s withdrawal from the stock exchanges exceeded $ 10 million in the last 48 hours. Coings data shows that this movement has been accumulated by long -term investors.
A large amount of token output from the stock exchanges is usually interpreted as the start of sales pressure and the beginning of a possible rise wave. If the procurement pressure increases, the probability of HBAR will be strengthened.
