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Hedera Stabilizes as Bullish Divergence and Rising Momentum Indicate Turnaround

Brave New Coin
Hedera (HBAR) shows signs of recovery, supported by bullish divergence on the daily chart and reclaimed support near $0.14.

Summary

Hedera (HBAR) is stabilizing above the $0.14–$0.145 support zone, suggesting buyers are regaining control amid fading selling pressure. A key indicator is the bullish divergence on the daily chart, where price made lower lows while the RSI made higher lows, signaling weakening downside momentum. Furthermore, HBAR has firmly reclaimed the $0.14 level, which now acts as crucial short-term support, offering improved risk-to-reward conditions.

Momentum indicators, including the VWRSI, show an upward angle suggesting early accumulation, supported by the daily RSI beginning to rise. Intraday trading showed a modest recovery, with buyers stepping in after dips toward $0.144, leading to higher lows and reduced selling volume. If HBAR maintains stability above $0.145, analysts anticipate a continued recovery attempt, potentially testing resistance around $0.147.

(Source:Brave New Coin)