HBAR Price Forms Bullish Crossover – Is A Rally On The Horizon?

Hedera's (HBAR) price has been consolidating recently due to low investor participation, but technical indicators suggest renewed optimism. The Relative Strength Index (RSI) is trending upward, signaling increasing buying pressure, though it remains below the neutral 50.0 mark; crossing this level would confirm the end of a 20-day bearish phase. Furthermore, the Moving Average Convergence Divergence (MACD) has formed a short-term bullish crossover, indicating waning bearish momentum. Currently, HBAR is trading between $0.162 and $0.178. A breakout above the $0.178 resistance, requiring a 13.6% increase, could propel the price toward the $0.200 psychological barrier. Conversely, a failure to hold support at $0.162 could invalidate this bullish outlook, leading to a retest of $0.154.

(Source：BeInCrypto)