CryptoStar

07/17 04:56

The technical analysis shows HBAR consolidating ju

The technical analysis shows HBAR consolidating just below the $0.26 resistance zone.

A breakout above $0.265 could send the price up to $0.37, marking a 39.6% rally from current levels.

However, if price fails to break out, it risks falling back to $0.22, roughly a 13% downside.

Technically, HBAR remains bullish on the higher timeframe. The asset continues to trade above the 200-day Exponential Moving Average (EMA) at $0.1808.

But traders should take note: the Relative Strength Index (RSI) remained at 78, signaling overbought territory and increasing the odds of a short-term correction before any sustained breakout.

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