Well, HBAR long journey from $0.576 to $0.055 is theoretically over. The not entirely pleasant trip lasted almost 10 months. The HBAR price reached the 2020 levels and started the braking process on the weekly timeframe. Of course, slow down is not a reversal. And it is worth seeing the HBAR rebound from the global mark of $0.055 first. However, given the last uncorrected HBAR fall wave from April 2022, the probability of breaking the $0.055 mark without a deep bounce upwards is extremely unlikely. Source: https://www.tradingview.com/x/yRbz72sM/ The first milestone that buyers should conquer is $0.086. It is at this mark that the first local rebound of the HBAR price can stop. It is from this mark that sellers will try to check the strength of buyers in the range of $0.055. Given the magnitude of the tragedy after the downtrend, it will take some time for buyers to gain positions for growth and buy out aggressive sellers at local lows. Therefore, it is not worth rushing to buy cryptocurrencies without checking the strength of buyers. HBAR Technical Analysis On The Daily Timeframe Source: https://www.tradingview.com/x/j9oP3YcF/ Analyzing the movement of the coin price on the daily time frame, we see the process of the market freezing. Each update of local lows occurs on reduced volumes. This fact indicates the weakness of sellers and their exhaustion. However, on the other hand, the approach of the HBAR price to the mark of 0.0...
