HBAR Price Retests Major Multi-Year Support Zone
- Technical Support Zone: HBAR's price is once again approaching the multi-year ascending trendline established since 2020, testing the key support zone of $0.10 to $0.13, which analysts note has historically been a point where buyers have stepped in during market downturns, indicating strong buying signals.
- Relative Strength Index Analysis: The current Relative Strength Index (RSI) for HBAR has fallen to the mid-30s, a level that has historically indicated potential recovery signals, suggesting that the market may present buying opportunities in this region.
- Short-Term Resistance and Risks: Analysts warn that if HBAR fails to break above the strong resistance zone of $0.088 to $0.102 and falls below the $0.072 to $0.073 band, the price could enter a steeper downtrend, with the next downside target potentially falling within the $0.05 to $0.045 range.
- Market Structure and Recovery Potential: Should buyers defend the current price levels, HBAR could aim for an initial recovery target of $0.18 to $0.20, and if this area is breached, the $0.25 to $0.30 range may become the next major resistance area, confirming potential upside breakout.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00181 | 0.00199 | 0.00218 | 0.00235 | 0.00254 | 0.00271 | 0.0029 |
| Fibonacci | 0.00199 | 0.00213 | 0.00221 | 0.00235 | 0.00249 | 0.00257 | 0.00271 |
About TOKEN
About the author
