The post HBAR Price Analysis: Shakeout For HBAR Buyers With Pullback! appeared first on Coinpedia Fintech News
As Bitcoin drops back under the psychological mark of $35K, the altcoins market takes a short pullback. Similar to other altcoins, the HBAR coin price also takes a hit and retests the 200-day EMA.
Regardless of the shortcomings, the overall upcycle sustains momentum with a 19% recovery in the last two weeks.
Taking a double bottom reversal from the $0.045 mark, the HBAR price trend showcases a positive trend within a symmetrical triangle. The recovery rally crosses above the 50-day EMA and the 200-day EMA to reach the $0.057 mark.
However, with a sudden reversal in the overall market, the HBAR prices struggle to sustain above the $0.057 mark. With higher price rejection and a 1.72% intraday fall, the HBAR coin trades at $0.054.
With a small hiccup disrupting the upcycle, the buyers are losing their footing and struggling to hold the fort at the 200-day EMA. In case the mar
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