HBAR coin price surpasses the resistance trendline, but the rally struggles to sustain the bullish rally. Will buyers resurface to boost the uptrend? Key technical points: HBAR coin price struggles to sustain above $0.20. In addition, the 50-day EMA continues to provide dynamic resistance. Finally, the 24-hour trading volume of Ontology is $69 Million, marking a negligible rise. Past Performance of HBAR HBAR coin price finds demand near the $0.20 support level resulting in the long-coming resistance trendline breakout with a jump of 10% last week. However, the breakout trend goes into consolidation made up of Doji candlesticks instead of the anticipated rally above the 50-day EMA. Source-Tradingview HBAR Technical Analysis HBAR coin price shows multiple lower price rejection Doji candlesticks post-breakout indicating a solid underlying bullishness. Hence, a jump to the 50-day EMA can be seen in the upcoming sessions. The crucial EMAs (50, 100, and 200) maintain a bearish formation, with the uptrend enduring numerous turndowns at the 50-day EMA. However, the trendline breakout could result in a price jump to the 50-day EMA. RSI Indicator: The RSI slope finally surpassed the halfway mark after the constant struggle last month. Furthermore, the 14-day SMA shows a bullish influence as it rises higher. MACD Indicator: The MACD and signal finally diverge to increase the bullish span and regain the uptrend momentum to reach the zero ...
