HBAR Technical Analysis: Sustenance Above $0.20 Hints Bullish Reversal

HBAR coin price shows a bullish reversal of 5%, helping it float above the $0.20 support zone. However, the falling bullishness. Key technical points: HBAR prices have increased by 3.64% in the past 24 hours. In addition, the price faces rejection from the 50-day EMA. Finally, the 24-hour trading volume of Hedera Hashgraph is $120 Million, marking a 40% rise. Past Performance of HBAR HBAR coin price faced a rise in selling pressure as it approached the resistance confluence of the 200-day EMA and the $0.25 psychological barrier. The downfall cracks under the 100 and 50-day EMA resulting in the $0.25 retest. However, the bulls step in to keep the prices floating above the psychological mark. Source-Tradingview HBAR Technical Analysis HBAR coin price fell by 15% from $0.25 within 72 hours, resulting in giant bearish candles, but the fighting bulls drove the prices higher by 5%. Nonetheless, the long-wick formations warn of a bearish continuation tomorrow. The slight uptrend in the crucial daily EMAs takes a flattish turn as the prices fall under the 50-day EMA. Moreover, the EMAs maintain bearish alignment and provide dynamic resistance. RSI Indicator: The RSI slope shows a stepping down action resulting in the crackdown of the halfway mark. Hence, the farming trend of the RSI slope represents the fall in underlying bullishness. MACD Indicator: The MACD and signal lines are on the verge of reaching the zero line after the bearis...