Market Overview for Hedera (HBARUSD) - 24-Hour Summary

• Price declined from 0.24082 to 0.23748 before a late-day rebound to 0.23944.
• Key support found at 0.23748 with a counter-move toward 0.23915–0.23944.
• Low volume and mixed momentum signals suggest a potential consolidation phase.
• RSI and MACD show limited overbought/oversold signals amid sideways action.
• Volatility remains compressed, suggesting a possible breakout or continuation.

At 12:00 ET on 2025-08-28, Hedera (HBARUSD) opened at 0.24046, reached a high of 0.24109, and a low of 0.23748 before closing at 0.23944. Total trading volume was 315,193.0 units, and notional turnover amounted to 75,286.7 USD over 24 hours. Price action indicates a bearish bias followed by a consolidation phase, with a mixed sentiment in the latter half of the day.

Structure & Formations

HBARUSD saw a bearish breakdown from 0.24082 to 0.23748, followed by a consolidation phase with a slight retest to 0.23915–0.23944. A key support level at 0.23748 appeared resilient, with a small bearish engulfing pattern followed by a doji-like structure at 0.23915–0.23944 suggesting indecision. A potential bullish counter-trend may be forming at 0.23915, but with low volume, it could remain range-bound.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended lower during the first half of the day, aligning with the bearish move. However, after 05:00 ET, the 20-period MA began flattening, indicating a potential pause in downward momentum. On the daily chart, the 50-period MA is above the 100-period and 200-period MAs, suggesting a weak bearish bias at the longer timeframe but with a possible flattening or reversal in the short term.

MACD & RSI

The MACD histogram showed bearish dominance between 19:00 and 01:00 ET, but a neutral to slightly bullish divergence emerged after 05:00 ET as price retested 0.23915. The RSI remained in the mid-range (45–50) throughout the day, indicating a lack of overbought or oversold conditions. The lack of clear momentum suggests the market is waiting for a catalyst or external driver to break out of the consolidation.

Bollinger Bands

Volatility was compressed throughout the day, with price staying within tight Bollinger Bands, especially between 02:00 and 08:00 ET. Price action remained below the 20-period SMA, suggesting a bearish bias. However, the recent retest to 0.23915–0.23944 saw price reaching the upper band temporarily, indicating a possible short-term bounce. The bands have not expanded significantly, so a breakout may not be imminent.

Volume & Turnover

Volume spiked at 19:15 ET (20,833 units), confirming the breakdown from 0.24082, followed by a smaller spike at 05:15 ET (4,468 units) as price retested higher. Turnover remained in line with volume, but no major divergences were observed. The low volume in the morning suggests a weak follow-through and a potential shift in sentiment. A larger volume breakout may be needed to validate any new trend.

Fibonacci Retracements

Applying Fibonacci to the swing high at 0.24109 and the swing low at 0.23748, the 38.2% level is at 0.23958 and the 61.8% level is at 0.23848. Price closed just below 0.23958 at 0.23944, indicating a potential pullback from the 38.2% retracement. This suggests that if price moves above 0.23958, it could retest the 0.24082 level. A close below 0.23848 could signal a deeper correction.

Backtest Hypothesis

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