Source

Hedera

Brian

<p><a href="https://www.thecoinrepublic.com/price-prediction/hedera/">HBAR</a> price&nbsp;skyrocketed by over 92.10% in the past week, driven by speculations that Hedera Board Member Brian Brooks might be appointed the next SEC Chair.</p> 
<p>Nevertheless, the slight downward trend could be due to investors’ reactions to the information concerning Teresa Goody Guillén, who may be a candidate for the popular SEC post.</p> 
<h2 class="wp-block-heading" id="h-hbar-price-daily-chart-analysis"><strong>HBAR price Daily Chart Analysis</strong></h2> 
<p>HBAR’s daily chart revealed a parabolic rally that has slowed down due to selling pressure, with the token now trading at $0.13637</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="551" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot202024-11-2220145126-1024x551.png" alt="1-day HBAR trading chart| source: TradingView" class="wp-image-845138" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot202024-11-2220145126-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot202024-11-2220145126-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot202024-11-2220145126-768x413.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot202024-11-2220145126-150x81.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot202024-11-2220145126-696x374.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot202024-11-2220145126-1068x574.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot202024-11-2220145126.png 1419w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   1-day HBAR trading chart| source: TradingView
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 </figure>
</div> 
<p>Furthermore, a slight decline occurred after a steep rise into the overbought territory. That was identified by the Relative Strength Index (RSI) reading of 77.37, which was above the neutral value of 70.</p> 
<p>Bollinger Bands also illustrated overextension as the price got closer to the upper band at $0.13058. There was a pullback to a notable extent from the 20-day SMA at $0.06917, which further supported the extended position of the token. Nevertheless,&nbsp;<a href="https://www.thecoinrepublic.com/2024/10/30/hbar-price-holds-key-support-analysts-eye-0-098/">bullish pressure</a>&nbsp;could remain high, signaling that buyers can enter the market again on pullbacks.</p> 
<h2 class="wp-block-heading" id="h-support-and-resistance-levels"><strong>Support and Resistance Levels</strong></h2> 
<p>The resistance levels the HBAR price is facing are at $0.140 and $0.180 levels. Breaking the short-term resistance level might bring back the bull run, targeting the psychological $0.14000 figure.</p> 
<p>On the other hand, on the downside, the first support level is seen at $0.12000, while the second support level is observed at $0.070. A break below $0.070 might trigger further selling pressure and a pullback to the 20-day SMA at $0.06917.</p> 
<h2 class="wp-block-heading" id="h-analyst-insights-and-weekly-chart-outlook"><strong>Analyst Insights and Weekly Chart Outlook</strong></h2> 
<p>The weekly chart offered by the analyst Cryptoiinsider was positive and showed that HBAR was selling at $0.1379 at the time of writing. This chart featured the level of $0.097 as the crucial support level.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img loading="lazy" decoding="async" width="429" height="555" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-599.png" alt="" class="wp-image-845143" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-599.png 429w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-599-232x300.png 232w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-599-150x194.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-599-300x388.png 300w" sizes="auto, (max-width: 429px) 100vw, 429px">
 </figure>
</div> 
<p>Historically, this support has been quite resilient and able to hold bearish pressure. It provided a platform for the token to bounce back.</p> 
<p>Cryptoinsider observed an increase in trading volume as a bullish signal that showed market demand and suggested the potential for a continued uptrend.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="374" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/HBAR_USDTsource-X-1024x374.png" alt="HBAR/USDT | Source X" class="wp-image-845148" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/HBAR_USDTsource-X-1024x374.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/HBAR_USDTsource-X-300x109.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/HBAR_USDTsource-X-768x280.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/HBAR_USDTsource-X-150x55.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/HBAR_USDTsource-X-696x254.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/HBAR_USDTsource-X-1068x390.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/HBAR_USDTsource-X.png 1280w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   HBAR/USDT | Source X
  </figcaption>
 </figure>
</div> 
<p>The first level of resistance to watch is $0.1416, which, if breached, will definitely lead toward the long-term target of $0.58. The $0.58 level can be considered the critical level, which has not been revisited since the HBAR price high in 2021. Experts consider it the potential breakout level.</p> 
<p>The coming days will be crucial for determining HBAR’s trajectory. Traders are closely monitoring support at $0.12000 and resistance at $0.14000. Sustained trading volume during a breakout will be key to confirming the bullish case. However, a lack of buyer activity could expose the token to further declines.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/22/hbar-price-faces-4-58-dip-after-105-surge-whats-next/">HBAR Price Faces 4.58% Dip After 105% Surge: What’s Next?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

HBAR Price Faces 4.58% Dip After 105% Surge: What’s Next?

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