HBAR Technical Analysis Feb 18

HBAR’s RSI at 52.51 shows neutral momentum, while the MACD’s positive histogram gives a short-term bullish signal. The price positioning above EMA20 indicates a slight recovery in trend strength, though the overall downtrend dominance persists.

Trend Status and Momentum Analysis

HBAR is currently in horizontal consolidation at the 0.10 dollar level and holding a narrow daily range with a slight 1.10% rise in the last 24 hours. Although the overall trend direction is identified as downtrend, momentum indicators are producing mixed signals. The RSI’s positioning in the neutral zone (52.51) indicates that the market is under neither overbought nor oversold pressure; this could pave the way for a potential momentum shift. The positive histogram in MACD signals that buyers are slowly entering, while the short-term structure of the EMA ribbon is bullish. However, the Supertrend indicator gives a bearish signal, emphasizing the 0.12 dollar resistance. Volume at 64.47 million dollars is at average levels; this suggests that momentum has not yet received strong confirmation and could be in an early accumulation phase. Multi-timeframe (MTF) confluence has identified 11 strong levels: 2 supports/4 resistances on 1D, 2 supports on 3D, 2 supports/4 resistances on 1W. This distribution indicates that resistances dominate in the short term and extra momentum is needed for an upside breakout. The price being above EMA20 (0.10 dollars) provides a short-term bullish bias, but within the overall downtrend, this can be interpreted as a counter-trend move. In the confluence of momentum oscillators, the slightly positive tilt of RSI and MACD stands out; volume confirmation is awaited.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI (14) is positioned in the neutral zone at 52.51 and shows neither regular nor hidden divergence signals. While the RSI staying at similar levels during recent price lows carries weak bullish divergence potential, there is no clear confirmation yet. On the daily chart, the RSI crossing above the 50 level signals that momentum is slowly recovering, but above 60 is the critical threshold. On the weekly timeframe, RSI is trapped in the 40-60 band within the downtrend; this shows that long-term sellers retain strength but short-term buyer entry could form divergence. For divergence analysis, the price needs to test the 0.1035 resistance; passing it increases the bullish divergence probability, with a target extending to 0.1683. Conversely, breaking the 0.0993 support could trigger bearish divergence.

Overbought/Oversold Zones

RSI is far from overbought above 70 and oversold below 30 zones; the 52.51 value is a perfect balance point. This neutrality opens a window of opportunity for momentum traders, as oversold rebound potential is low and overbought risk is absent. The recent RSI jump above 50 indicates an increase in short-term momentum strength, but its sustainability within the downtrend is questionable. If supported by volume, RSI could rise above 60 and generate a buy signal; otherwise, a drop below 45 would increase selling pressure.

MACD Signals and Histogram Dynamics

MACD is in bullish status and confirms buyer momentum with a positive histogram. The signal line crossover has occurred in the positive direction; the widening of histogram bars shows momentum is strengthening but has not yet peaked. On the daily chart, the MACD line is holding above the zero line, supporting a short-term uptrend bias. The histogram’s transition from contraction to expansion may signal evolution from distribution to accumulation phase. If the histogram narrows at resistances (0.1035), there is fakeout risk; if it widens at supports (0.0993), the rebound will be strong. Although the weekly MACD maintains a bearish tilt, there is positive divergence potential on the daily. Volume-backed histogram expansion confluence could give the green light to test the 0.12 Supertrend resistance. Overall, MACD provides the strongest bullish signal despite RSI neutrality.

EMA Systems and Trend Strength

Short-Term EMAs

The price is positioned above EMA20 (0.10 dollars), showing short-term bullish trend strength. In the EMA ribbon, 9/21 EMAs are in positive slope and supporting the price; this confirms short-term momentum recovery. The ribbon’s squeeze has ended and divergence has begun, indicating increasing trend strength. EMA support should be tested at 0.1035 resistance; breakout will strengthen with ribbon expansion.

Medium/Long-Term EMA Supports

Medium-term EMA50 and EMA200 are downward sloping, confirming the downtrend. The price has not yet approached EMA50 (around 0.11); this is strong resistance. The long-term ribbon has begun to flatten in the downtrend, a potential reversal signal. In trend strength measurement, short-term EMAs are bullish while medium/long-term are bearish; for confluence, the price must break EMA50. If EMA20 holds at supports (0.0993), ribbon recovery will boost momentum.

Bitcoin Correlation

As a highly correlated altcoin with BTC, HBAR is affected by BTC’s downtrend. While BTC weakens with a 0.65% drop at the 67,798 dollar level, Supertrend is bearish and supports at 66,566-62,910 are critical. If BTC cannot break the 68,137 resistance, altcoin selling in HBAR may accelerate; a breakout above 71,276 could carry HBAR to 0.12. Rising BTC dominance creates pressure against altcoins; HBAR momentum depends on BTC key levels. Close watch: If BTC breaks 66,566, HBAR tests 0.0993. For detailed spot analysis, check HBAR Spot Analysis; for futures, HBAR Futures Analysis.

Momentum Outcome and Expectations

In the synthesis of momentum analysis, RSI neutrality (52.51), MACD positive histogram, and price above EMA20 provide a bullish short-term bias, but Supertrend is bearish and overall downtrend dominates. Volume confirmation is lacking; momentum remains weak at 64M volume. In the bullish scenario, breaking 0.1035/0.1089 resistances targets 0.1683 (40 score), with RSI above 60 and MACD expansion. On the bearish side, breaking 0.0993 support targets 0.0864 and 0.0382 (22 score), with bearish RSI divergence. MTF confluence with 11 levels is resistance-heavy; BTC downtrend increases risk. Momentum traders should await 0.1035 breakout and volume spike, watch counter-trend risk. No news flow, stay technical-focused. There is short-term recovery potential, but strong confluence is required for trend change.