HBAR falls 5.8% and tests technical support
BROBROK News · Based on reporting by DiarioBitcoin ·
HBAR dropped 5.8% and is trading below its main moving averages, while daily volume remains below the 30-day average. The setup is still weak, although oversold readings suggest the move may be nearing exhaustion.
Key points
- HBAR fell to $0.0687072, down 5.8% on the day.
- Daily volume was 29.07% below the 30-day average.
- Price is below the SMA-7, SMA-15, SMA-30, SMA-50, SMA-90 and SMA-200.
- RSI at 34.3 and a bearish MACD point to weak momentum.
- $0.064317 is the main technical support level to watch.
Why it matters
Trading below multiple moving averages with lighter volume usually signals that buyers have not regained control. Without a confirmed catalyst or derivatives and on-chain data, the move is harder to explain and more uncertain to trade.
Original headline: “HBAR cae 5,80% el 6 de noviembre y pone a prueba su soporte”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.