A possible collapse in the price of HBAR amid negative technical indicators

The HEDAR CHPARS (HBAR) witnessed a remarkable decline during the past week and its value fell by 15%, affected by a general decrease in the digital market.

With the weakness of the positive momentum in the encrypted currency market, technical indicators show that this decline may only be the beginning of a more harsh stage.

Land without average 20 days confirms the dominance of sellers

Daily scheme data shows that the strong HBAR downfall paid the price without the 20 -day SIA moving average, which currently represents a dynamic resistance located at a level of $ 0.2446, while the currency is now trading at $ 0.2391.

The price of this average price is a sign of poor short -term subsidies and an increase in sales pressure, which may push the price to record more losses in the upcoming sessions.

The MACD index enhances the negative view

Besides the moving average, the “MACD” index supports the possibilities of the continuation of the declining direction, and the index shows that the blue line (MACD) is located below the signal line (orange).

While the red hurostage columns increase in size, indicating the escalation of negative momentum, and this style usually explains as a decline in the purchase force and an increase in the control of the sellers, which may warn more about the decrease in the price of HBAR.

Does the mood transformation reflect the direction?

If the sale continues, the HBAR price may decrease below 0.2283 dollars, which will serve as an additional indication of a deterioration of confidence.

But if the market sees a transformation in the general mood and a strong support base appears, the currency may succeed in penetrating the Si -moving average again, and it may reach higher resistance levels at $ 0.2609.