$HBAR Faces Resistance Amidst Downtrend 🐻
If $HBAR fails to break above the SMA25, it may continue its downtrend towards the support level of 0.0685, given the current bearish structure and the rejection at the higher levels.
Technical check:
✅ Close above SMA7, ✅ Bearish 10-bar trend, ✅ Last candle is bullish but not enough to change the overall trend
⚠️ Breaking below the support level of 0.0685 will invalidate the current structure and may lead to further decline…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis
If $HBAR fails to break above the SMA25, it may continue its downtrend towards the support level of 0.0685, given the current bearish structure and the rejection at the higher levels.
Technical check:
✅ Close above SMA7, ✅ Bearish 10-bar trend, ✅ Last candle is bullish but not enough to change the overall trend
⚠️ Breaking below the support level of 0.0685 will invalidate the current structure and may lead to further decline…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis