Tag: indicators

Hbar’s price falls 3.4% as RSI and Bop indicators point to greater sales pressure


  • The RSI stands at 44.62.
  • The balance of power indicator returns a negative reading of -0.23.
  • The following key support is 0,150 dollars; The resistance is 0.185 dollars.

    • The native token of Hedera, Hbar, is showing signs of intensification of the bearish impulse, since technical indicators such as the relative force index (RSI) and the balance of power (BOP) suggest a growing domain of vendors in the market.

    The price of the Token has fallen 3.4% in the last week, now quoting at 0.1703 dollars, below its maximum of April 0.1747 dollars.

    This fall has left Hbar struggling to stay above the key support levels, with the RSI reading in a worrying 44.62 in the one day graph.

    Fountain: Coinmarketcap

    The RSI, a key impulse indicator used to evaluate whether a cryptocurrency is overcompraded or oversized, operates on a scale of 0 to 100. A RSI value below 50 usually reflects a weakening of the price impulse.

    In the case of Hbar, the fact that its RSI falls below the neutral brand of 50 and has a downward trend indicates a growing sales pressure.

    Unless there is a strong upward movement, the current trend can reinforce new declines.

    Power balance reading becomes negative

    In addition to the RSI, the Hbar power equilibrium indicator has become negative, with a reading of -0.23 from the latest data.

    The balance of payments compare the relative force of buyers and sellers for a defined period of time.

    A negative reading of the balance of payments means that sellers are currently more dominant, which could even weigh the Hbar price in the next few days.

    When the balance of payments remains in negative territory during a bearish trend, it reflects a continuous bearish feeling throughout the market.

    Combined with the low HBAR performance in other indicators, this suggests that buyers are currently marginalized and may need a strong trigger, such as a rebound throughout the market or an important development in the Hedera network, to recover the impulse.

    The price quotes below the key trend line

    Hbar has also fallen below a descending trend line, which reinforces the bearish configuration.

    A line of descending trend is drawn by connecting lower maximums for a period, indicating a constant downward pressure on the price.

    If Hbar fails to break this line up, the trend can be maintained.

    This formation has kept the token blocked on a descending channel for several weeks.

    While the price action remains below the trend line, technical traders can see this as a signal to sell or sell the asset in short.

    In the event that the descent continues, the next key support level is close to USD 0.150.

    A rupture below this level could pave the way for new losses unless a strong demand emerges again.

    What Hbar needs for recovery

    While the technical panorama is still weak, some factors could help change the impulse in favor of Hbar.

    A rupture above the line of descending trend, if accompanied by an increase in volume, could initiate a reversal and allow the Token to point to a recovery towards USD 0.185.

    This level represents a key resistance zone, previously tested at the end of April.

    However, for that to happen, Hbar needs to see a renewed interest of investors, either for positive developments in the hedera ecosystem or a broader recovery in the Altcoins market.

    Without a significant catalyst, the impulse indicators of the Token continue to suggest short -term bearish conditions.

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    FLARE (FLR) rises 57% in a week while technical indicators indicate overcompra


    • The RSI is currently at 67.13, approaching over -opening levels.
    • The impressive oscillator became positive for the first time since January.
    • FLR exceeded the resistance at $ 0.016.

    FLARE (FLR) has emerged as one of the most performance cryptocurrencies in the Altcoin market this week, increasing 57% in the last seven days to reach a new local maximum of $ 0.018, quoting at $ 0.017 at the time of writing this article.

    Fountain: Coinmarketcap

    The movement marks a continuous bullish trend that began on April 9, with FLR registering new daily maximums every day since then.

    Key technical indicators such as the relative force index (RSI) and the Awesome oscillator (AO) now suggest that the strong purchase activity continues to exceed the sale pressure.

    However, with the levels of the RSI approaching the territory of overblain, analysts warn that a setback could be on the horizon if the profits intensifies.

    The RSI in 67 shows a strong purchase trend

    Flare’s relative force index is 67.13 at the time of writing this article, approaching the 70 key brand that normally indicates overcompra conditions.

    The RSI indicator tracks the impulse comparing the magnitude of recent profits and losses during a given period, on a scale of 0 to 100. A RSI greater than 70 usually suggests that an asset could be overcompared and corrected soon, while values ​​below 30 indicate otherwise.

    The RSI Alcista de Flr suggests that buyers dominate the market, reflecting a sustained interest in the asset. Although it has not yet exceeded the threshold of 70, its current value indicates that Flr is close to a possible turning point.

    If the current impulse continues, the RSI could soon confirm an overstrust signal, increasing the probability of a short -term price drop.

    Ao gives positive for the first time in two months

    Adding to the bullish feeling, Flare’s impressive oscillator became positive for the first time since January 26.

    The AO consists of histogram bars that measure the difference between a simple mobile average of 5 periods and one of 34 periods, which provides information on market trends and reversions.

    The bars recently exceeded the zero line and continued to grow in height, indicating an increase in the positive impulse of the market.

    When the AO bars exceed zero, it usually indicates an upward trend. In the case of FLR, the constant growth of these bars implies that an upward conviction in the market is being consolidated.

    This technical development supports the idea that FLR’s recent profits are not only short -term peaks, but part of a broader upward trend promoted by the improvement of the feeling of investors.

    The price exceeds the resistance of $ 0.016 and points to $ 0.021

    Flr’s recent rebound led him to exceed the resistance of $ 0.016, a price that had previously limited the upward movement. Staying above this level is considered a critical factor to determine if the rebound can extend.

    If $ 0.016 remains new support, analysts suggest that the Altcoin could rise even more to test the following key resistance at $ 0.021. However, the possibility of a short -term gains taking could question this upbeat.

    A renewed saleswoman wave could push FLR again below $ 0.016 and around $ 0.010, especially if the RSI crosses over overcompra territory and market participants seek to ensure profits.

    Technical signals support short -term profits

    In general, FLR technical indicators remain mostly positive. The combination of an upward MSI, a positive Crossing of AO and a break above the previous resistance levels points to a continuous alkist impulse in the short term.

    However, operators are recommended to closely monitor the RSI. A movement above 70 could indicate that a correction is coming, especially if the volume begins to fall or if the candle patterns suggest doubts among the buyers.

    At this stage, FLR’s ability to consolidate above $ 0.016 will probably determine the following phase of its price action.

    The Post Flare (FLR) rises 57% in a week while technical indicators indicate overcompra appeared first on coinjournal.



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