HBAR’s Wild Ride: Death Crossovers, Falling Wedges, and Bears Taking Over 🐻📉

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Oh, HBAR, you glorious overachiever of the crypto world! With gains of nearly 350% in a year, you’ve been the life of the party. But alas, your short-term swagger is fading faster than a cheap cologne at a crowded banquet. Trading at $0.21, you’re down 7.6% over the past week and month. What happened? Did you forget to tip the bartender? 🍸

And now, ominous signals are flashing on the charts like neon signs in a bad neighborhood. If these “death crossovers” play out, Hedera’s year-long uptrend might just shuffle off this mortal coil. 😵‍💫

Bearish Signals and Weak Buying Point to Deeper Risk (Or Just Bearish Drama) 🎭

On the 12-hour chart, two key bearish crossovers are creeping closer, like villains in a low-budget horror movie. The orange 20-EMA line is cozying up to the sky-blue 100-EMA line, while the red 50-EMA line flirts with the deep blue 200-EMA line. If they cross paths, prepare for fireworks-or rather, implosions. Remember August 20? When the 20-EMA dipped under the 50-EMA, HBAR fell from $0.24 to $0.22 faster than you can say “panic sell.” 📉💸

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EMA, or exponential moving average, is essentially the mood ring of the market. When shorter EMAs dive below longer ones, it’s a sign that bears are sharpening their claws. Right now, HBAR is trading below all major EMAs, meaning the bears have taken control. It’s like they brought a piñata to the party-and everyone else left crying. 🐻💥

Could bulls save the day with some heroic buying? Sure, if they show up. But the Money Flow Index (MFI) is languishing at 35, which means buyers are about as enthusiastic as cats at a bathhouse. Combine bearish crossovers, rising bear power, and weak buying, and you’ve got yourself a recipe for disaster-or at least a drop to $0.162. 🍲📉

Bullish Pattern Offers Hope, But Only Above Key HBAR Price Levels (Spoiler Alert: Bears Are Still Winning) 🐻👑

The daily chart offers a glimmer of hope-a falling wedge pattern, often a precursor to a bullish reversal. But let’s not get ahead of ourselves; this wedge needs a breakout like a teenager needs Wi-Fi. Support at $0.210 is critical. Lose that, and the wedge collapses faster than a soufflé in a windstorm. 🌬️🍰

If bulls manage to reclaim $0.235, they might breathe new life into HBAR, aiming for $0.264 or even $0.304. But until then, bears remain the kings of the jungle. The year-long uptrend isn’t dead yet-but unless bulls defend $0.210, HBAR risks tumbling lower than a clumsy acrobat. 🤹‍♂️💥

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2025-09-05 15:59