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How high will Hedera (HBAR) rise if a golden cross occurs?
Hedera ( HBAR ) is under pressure to fall, losing nearly 17% of its value over the past 30 days and trading below the $0.2 mark since May 23. Although some momentum indicators show initial signs of a bounce back, HBAR is still facing important technical resistance levels.
The BBTrend indicator remains in the negative zone, and although the RSI has risen from the oversold area, it still cannot break the 60 threshold. A potential golden cross on the EMA lines could trigger a bullish breakout, but stronger continuation is needed to overcome the nearby resistance levels.
**The negative BBTrend of HBAR may delay the breakout uptrend
As reflected by the BBTrend indicator, Hedera has shown a downward momentum lasting for two weeks. Since May 26, the BBTrend indicator has continuously remained in the negative zone, reaching a low of -12.54 on June 2.
As of now, this indicator is at -0.195, indicating that the downtrend may be easing, although market sentiment remains generally weak.
Although BBTrend has recently touched the level of 0.09 for a short time, the prolonged negative trajectory of this indicator shows that buying pressure is still not strong enough to take a clear advantage.
! HBAR BBTrend by HBAR | Source: TradingViewBBTrend (viết short of the Bollinger Band Trend) is an indicator that measures the direction and strength of price movements based on the position of the price relative to the Bollinger Band.
The positive BBTrend indicates upward momentum, while negative values reflect prolonged selling pressure or a sideways trend in the lower region of the Bollinger bands.
With the BBTrend of HBAR currently still slightly negative at -0.195, this indicator signals caution — although the strong pessimism earlier in June has eased, the asset has not really transitioned into a distinct bullish phase.
HBAR bounce back from the oversold zone
Hedera is showing signs of bounce back, with the RSI currently at 57.17 — a strong increase from 27.62 on June 5.
Since June 6, the RSI has remained stable above the neutral level of 50, indicating that buying pressure is gradually gaining dominance.
However, despite the uptrend, the RSI of HBAR still has difficulty breaking through the 60 level in the past three days, i.e. the bullish momentum is still limited and is experiencing resistance as soon as it begins to form.
! HBAR RSI of HBAR | Source: TradingViewThe RSI is a widely used dynamic oscillator that ranges from 0 to 100. Values above 70 indicate that the market is overbought, while values below 30 reflect an oversold market. The levels around 50 indicate a neutral trend.
With the RSI of HBAR currently fluctuating in the 50–60 range, this asset is in a transitional phase — it is unclear whether there is a strong upward or downward trend.
If the RSI can clearly break above the resistance level of 60, it may open up the possibility of further price increases. However, the fact that the RSI has not been able to surpass this level recently indicates that the bulls are still not decisive enough to create a sustainable rally.
Will Hedera be able to surpass the 0.2 mark dollars**?**
The price of Hedera is approaching a critical point, as the (EMA) exponential moving averages signal the potential emergence of a Golden cross pattern. This is a bullish signal that occurs when the short-term EMA crosses above the long-term EMA.
If this crossover pattern occurs, it could trigger a rally and push HBAR up to test the resistance level at $0.175.
However, this bullish scenario depends on whether the upward momentum can be sustained. If the recovery does not develop as expected, HBAR could reverse and fall to test the nearest support level at $0.16.
If this support level is broken, the price may continue to fall to the level of $0.155, putting HBAR at risk of deeper short-term losses.
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