• HBARUSDT traded in a tight range overnight before breaking higher, forming a bullish engulfing pattern near 0.265.
• Price found support at 0.261 and 0.257, with a 5.6% rebound from the 0.25663 low to 0.26956 high, suggesting short-term resilience.
• Volatility expanded midday as HBARUSDT surged above 0.267, with volume increasing to over 5.5 million contracts at key breakout points.
• RSI showed overbought conditions briefly near 70, but momentum has since softened, hinting at potential consolidation.
• Bollinger Bands widened after 08:00 ET, reflecting heightened uncertainty and potential for a continuation or pullback.
Hedera Hashgraph (HBARUSDT) opened at 0.2657 on July 18 at 12:00 ET and traded between 0.25663 and 0.26956, closing at 0.26405 on July 19 at 12:00 ET. Total volume for the 24-hour period was approximately 114.9 million contracts, with notional turnover reaching $30.7 million.
Structure & Formations
HBARUSDT displayed a clear consolidation phase in the early hours, with price bouncing between 0.257 and 0.261. A bullish breakout occurred after 08:00 ET, with a bullish engulfing pattern forming around 0.267. The price then tested 0.26956 before retreating slightly. A doji formed near 0.26927 at 01:15 ET, signaling indecision. The key support levels at 0.261 and 0.257 appear to have held, with a potential short-term resistance forming at 0.269.
Moving Averages
On the 15-minute chart, the 20-period and 50-period moving averages crossed during the early morning, signaling a potential shift in trend. By 08:00 ET, the 20SMA had moved above the 50SMA, forming a golden cross. On the daily chart, the 50DMA is approaching the 100DMA from below, with the 200DMA acting as a key psychological level.
MACD & RSI
The MACD histogram turned positive after 08:00 ET, aligning with the price breakout. RSI reached 69 at 09:45 ET and then declined to 58 by 12:00 ET, suggesting that the rally may be losing steam. While RSI did not enter overbought territory for long, it did indicate a brief momentum spike.
Bollinger Bands
Bollinger Bands expanded significantly after 08:00 ET, with the price moving above the upper band at 0.26956. This suggests increased volatility and potential for further movement. However, the price closed near the middle band at 0.26405, indicating some consolidation.
Volume & Turnover
Volume spiked to over 7.7 million contracts at 01:30 ET and again at 07:30 ET, coinciding with key price moves. Notional turnover followed a similar pattern, with a peak of $2.1 million at 01:30 ET. The price and volume were in alignment during the breakout phase, offering confirmation of bullish momentum.
Fibonacci Retracements
Applying Fibonacci levels to the recent swing from 0.25663 to 0.26956, the 38.2% retracement level is at 0.26365 and the 61.8% at 0.26089. The price closed near 0.26405, suggesting a potential pullback to the 61.8% level before resuming higher.
HBARUSDT appears poised for a short-term test of 0.267–0.269 resistance in the next 24 hours, supported by rising volume and a bullish engulfing pattern. However, traders should remain cautious, as RSI suggests momentum is softening and a pullback to 0.260–0.261 is possible if buying pressure wanes.
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