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

Generated by AI AgentAinvest Crypto Technical Radar
Saturday, Aug 30, 2025 12:02 pm ET1min read
HBAR
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Aime RobotAime Summary

- Hedera (HBARUSD) closed near 0.2255 following a bullish engulfing pattern, confirming short-term strength.

- Volatility spiked 2.5% with 5,056.0 volume units during 02:00–05:00 ET, validating key support at 0.22366.

- RSI reached overbought 65 while MACD remained neutral, with price closing above 20/50-period SMAs on 15-minute charts.

- A proposed 3-day-hold strategy using the bullish engulfing pattern shows potential, targeting 0.2288 resistance with stop-loss at 0.22366.

•

Hedera
(HBARUSD) closed near 0.2255 after forming a bullish engulfing pattern in late hours.
• Volatility expanded during 02:00–05:00 ET with a 2.5% range swing and high volume.
• RSI suggests overbought conditions near 65 while MACD remains neutral.
• A 0.22366 support level was retested twice and appears to be holding.

Hedera (HBARUSD) opened at 0.22486 on 2025-08-29 12:00 ET, reached a high of 0.2288, dipped to a low of 0.22091, and closed at 0.22552 on 2025-08-30 12:00 ET. Total volume over the 24-hour period was 55,603.0, with a notional turnover of $12,678.45.

Structure & Formations

The past 24 hours showed a retest of key support at 0.22366 and a failed short-term bearish breakout below this level. A bullish engulfing pattern formed on the 15-minute chart at 02:00 ET, which was followed by a 1.2% rally. A doji formed at 10:15 ET, suggesting indecision before the final close above the mid-range.

Moving Averages

On the 15-minute chart, price closed above the 20-period SMA and slightly above the 50-period SMA, indicating short-term bullish momentum. On the daily chart, the 50 and 100-period SMAs are converging toward the 200-period SMA, with no clear direction yet.

MACD & RSI

MACD remained flat with no clear trendline, but the histogram showed slight positive divergence in the late hours. RSI climbed to 65 in the final hours, suggesting overbought conditions, though a bearish divergence hasn’t yet formed.

Bollinger Bands

Bollinger Bands expanded significantly during the 02:00–05:00 ET period, coinciding with the largest volume spike. Price closed near the upper band during this expansion, suggesting strong short-term bullish pressure.

Volume & Turnover

Volume spiked twice: once at 02:00 ET with 3,253.0 units, and again at 04:45 ET with 5,056.0 units. These corresponded to sharp price moves, validating the patterns observed. Notional turnover increased in line with the price action, suggesting genuine participation.

Fibonacci Retracements

A 0.618 retracement of the 02:00–05:00 ET swing was observed at 0.22618, which held as a minor resistance level. The 38.2% retracement at 0.22552 aligned with the final close, reinforcing its role as a potential support-turned-resistance.

Backtest Hypothesis

To build a backtesting framework, a Bullish Engulfing pattern detected on the 15-minute chart could serve as an entry signal for a 3-day-hold strategy. Using

HBARUSD
as the target, entering at the next day’s open price after a confirmed pattern may capture short-term momentum. A stop-loss could be placed at the recent 0.22366 support level, with a target at 0.2288 resistance. Testing this strategy from 2022-01-01 to 2025-08-30 could provide insights into its viability for high-frequency traders.