- HBAR defied bearish signals after a death cross on April 14, rallying 20% in two weeks as broader markets rebounded.
- Momentum has slowed, but MACD still favors bulls, and the token remains in an ascending trendline pattern.
- If upward momentum holds, HBAR could break $0.19 and aim for $0.23; if sellers step in, a drop to $0.15 is possible.
So, a death cross showed up on HBAR’s daily chart back on April 14—a classic warning sign that things might head south. Typically, when the 50-day moving average dips below the 200-day, it sets off alarms for traders. But, turns out, HBAR didn’t get the memo.
Instead of tumbling, the token flipped the script and rallied about 20% over the last couple of weeks. Yep, even with that ominous signal in play.
Wait—Wasn’t This Supposed to Be Bearish?
Let’s break it down. A death cross usually points to weakening momentum and hints that a longer-term downtrend is setting in. Traders see it and often brace for selling pressure. It’s like a red flag flapping in the wind, warning of possible turbulence ahead.
But crypto’s gonna crypto. HBAR just kind of shrugged it off and soared instead, fueled by a broader market rebound. This isn’t uncommon either. In fast-moving or recovery phases, technical signals like these can get… well, ignored.
MACD Still Flashing Green(ish)
Now, it’s true—bullish momentum has eased a bit over the last few trading sessions. The MACD histogram bars? They’re shrinking. Not ideal if you’re a bull. But here’s the good news: the MACD line is still above the signal line. In simple terms, the buyers are still pushing.
So while things have cooled off, we’re not in reversal territory just yet.
Riding That Trendline – Or Risking a Slide?
Since April 16, HBAR’s been cruising along a nice upward trendline. That’s the pattern you like to see—higher lowsstacking up over time. It tells you investors aren’t panicking. They’re actually stepping in at better positions, which builds solid support.
Now, if this pattern holds, HBAR could punch through the $0.19 resistance and maybe even chase $0.23. That’s the bullish path.
But let’s be real—if the market turns sour or if buyers back off, HBAR might slide back to test that $0.15 support zone. Nothing’s guaranteed, especially in crypto.
Bottom Line
Death cross or not, HBAR’s been on a bit of a run. The bulls haven’t given up control yet, and if sentiment holds up, there’s room for more upside. But yeah, keep an eye on the trendline and those resistance levels. If the mood changes, $0.15 could be the next pit stop.
Stay cautious. Stay curious.
