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📊📉📈Analysis of HBAR/USDT: Deep rebound or temporary pause before growth?
Greetings, community! Let's take a look at the HBAR/USDT chart, which shows a very interesting and ambiguous picture after recent strong movement.
Key data at the time of analysis:
· Current price: $0.1946 ( - 2.87% over 24 hours )
· 24-hour range: $0.19245 — $0.21980
· Important point: Price is testing the lower boundary of its 24-hour range.
What do the indicators say?
1. RSI ( Relative Strength Index ):
· RSI (6): 74.91 — The value indicates overbought conditions on short timeframes. This often precedes a correction or consolidation, which we observe as a downward movement.
· RSI (12): 56.51 and RSI (24): 48.88 — On longer periods, RSI remains in the neutral zone. This suggests that the main selling pressure is focused on short-term traders, while the medium-term trend has yet to be determined.
2. MACD:
· The indicator is in negative territory: MACD: 0.00440, DIF: -0.00575, DEA: -0.01014.
· However, note that the MACD histogram ( difference between DIF and DEA ) is positive, albeit slightly. This could be an early signal of slowing downward momentum and a possible reversal.
3. Volumes:
· 24-hour volume is 112.66 million HBAR. Meanwhile, moving averages of volume ( MA 5: 43.80 million, MA 10: 45.87 million ) show that current volume is significantly above average. High volume on a dip often indicates capitulation (, when weak hands exit positions, potentially creating a foundation for growth.
Growth prospects assessment
Scenario #1: Bullish ) Optimistic (
· Condition: The key support level in the $0.192 — $0.194 zone must hold. If the price bounces from this area on increased volume, it will be a strong buy signal.
· Targets: The first target is a retest of resistance around $0.22 ) 24-hour high (. Breaking this level will open the way to more serious targets in the $0.26 — $0.27 range.
· Arguments: Neutral RSI on higher timeframes leaves room for growth, and high selling volume could be a sign of panic rather than a structural bearish trend.
Scenario #2: Bearish ) Cautious (
· Condition: If the price confidently consolidates below $0.192, this will invalidate the bullish scenario and likely lead to continued decline.
· Targets: The next significant support zones could be near $0.155 and $0.125 ) historical levels on the chart (.
· Arguments: Overbought RSI )6( and overall negative MACD suggest that the current decline may still have strength.
Summary and possible strategy
· Short-term outlook: Neutral-skeptical. The market is at a decision point. Until the price shows a confident bounce from support, there is a risk of further decline.
· Medium-term outlook: Conditionally positive. If the market "absorbs" this wave of selling and holds the key level, HBAR has a good chance of recovery and testing higher price zones.
What I will be watching:
1. Reaction at the $0.192 — $0.195 level. A break and consolidation below would be a strong bearish signal.
2. Formation of divergence on RSI and MACD on small timeframes ) 5 min - 15 min ( to find a long entry point.
3. Volume dynamics: an increase in volume on a bounce from support will be the best confirmation of buyer strength.
⚠️IMPORTANT: This is not financial advice. Always do your own analysis ) DYOR ( and manage risks.
Key levels:
· Support: $0.1925 -> $0.1550
· Resistance: $0.2200 -> $0.2600
What do you think? Do you see growth potential in ) or are you waiting for further decline? Share your thoughts in the comments.
$HBAR