📌 HBAR Technical Analysis: price massive down after rejecting 5 times trendline over the past year. the descending structure has dominated the chart as every recovery attempt was met with selling pressure. currently price is moving near the bottom as it seeks a definitive structural floor.
📌 Major Weekly Support Zone:
Green Support Zone: price is now in a strong 1 week support zone which has historically acted as a major value area.
Hold Support: if price hold on this support one price can again recover to bulish as this area is a proven historical demand zone.
Indicators: weekly RSI is in the neutral zone, showing that the long-term selling momentum is finally exhausting.
Trend Shift: price is currently fighting to maintain its position above the long-term historical floor to confirm a potential trend reversal
