HBAR Technical Analysis: Another Local Impulse Down Is Possible

HBAR price movement on the weekly chart has changed its structure over the last few weekly candles. If the nature of the HBAR price fall since February has been quite aggressive, now we see a clear slowdown in the fall. HBAR price has tested the $0.2 range and the strength of sellers in this range is low. Although trading volumes in the $0.2 range have not increased and continue to be consolidative, we see that buyers are not ready to allow HBAR price to fall below. https://www.tradingview.com/x/0XOIpJ03/ Starting in late November, the HBAR price began to trade in the consolidation wedge. This type of slowdown often indicates at least a short-term price rebound in the opposite direction. Given the rapid BTC price growth, we expect a local correction of the entire crypto market. In this case, the coin price has a chance to slightly update the local low and test the mark of $0.17. However, keeping this mark, we will expect a sharp reversal of HBAR price with the first target of $0.46. The price movement should be closely monitored near this mark, as such a rebound may be a local correction before the fall wave continues. Technical Analysis Of HBAR On The Daily Timeframe https://www.tradingview.com/x/1nCht4pl/ But, the HBAR price may not update the local low, stopping in the range of $0.2. As you can see, consolidation was formed in this range, which sellers failed to break on increased volumes. Therefore, if the new local fall w...