HBAR Drop from $0.2055 to $0.1634 Amid Bearish Consolidation
HBAR don continue to drop after e hit technical resistance for $0.2055, e drop come reach $0.2010 wit 137% volume increase, wey show say institutional people dey sell and e cause intraday wahala plus trading stop. For next 24 hours, the token drop 2.3% from $0.1672 reach $0.1634 because the breakout wey try pass $0.163 stop for $0.164 due to people dey collect profit. HBAR don go back from the July uptrend and e still dey inside range wey bearish dey hold am. Key support dey for $0.1938 and $0.1595–$0.1610, resistance dey for $0.164, $0.1662 and $0.2055. Traders go dey watch if e fit push pass resistance to reach $0.1672 or if support break e fit make the price dey fall more.
Bearish
HBAR don dey under pressure from technical resistance for $0.2055 and di selling wey dey escalate because volume dey increase, e don make di price fall go $0.1634 and this one mean say di bears get di upper hand. Di token no fit keep di breakout pass di main resistance levels and e come dey take profit after, dis one show say short-term sellers dey put pressure. Big volume spike and di way di price dey make lower highs one after di other mean say institutional people dey sell and no one dey buy. Di support levels don dey tested again and again, if e break down those levels, e fit make di price fall faster. Even though small rebounds fit happen, di main trend and how market dey feel no good, e dey favour bearish positions for short and medium term.