Hedera (HBAR) Price Drops to $0.106, Weekly Decline Nears 10%
- Market Sentiment Weak: Hedera (HBAR) price has fallen approximately 1.8% over the past day to $0.106, reflecting a weak overall performance in the crypto market with a nearly 10% weekly decline, indicating a risk-off sentiment among investors.
- Resistance Not Broken: Despite the recent partnership announcement with McLaren, HBAR failed to break above the $0.114 resistance level, with selling pressure increasing rapidly, suggesting that the market's reaction to the news did not translate into buying strength, leading traders to sell off.
- Technical Trend Analysis: On the 4-hour chart, HBAR shows a persistent downtrend since the sharp breakdown earlier in the cycle, struggling to reclaim higher levels and forming a series of lower highs and lows, currently trading sideways around the $0.105 to $0.110 zone.
- Short-term Outlook: If HBAR can break through $0.110 and then $0.114, the next resistance levels will be $0.120 and $0.128; conversely, if it falls below $0.105, it may drop further to $0.100 and potentially $0.095, highlighting the market's high uncertainty.
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Technical Analysis for KAS
Technical Sentiment Analysis for Kaspa (KAS) As of , Kaspa (KAS) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for KAS 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 stock.
Support, Resistance & Moving Averages From a structural perspective, KAS 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 $-.
Kaspa (KAS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0129 | 0.019 | 0.0254 | 0.0314 | 0.0379 | 0.0439 | 0.0503 |
| Fibonacci | 0.019 | 0.0237 | 0.0267 | 0.0314 | 0.0362 | 0.0391 | 0.0439 |
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