Another Macro’s Max in Making?

The recent pump of Hedera caught attention, but zooming says a different story. The price is pushed into a well-known technical zone that has previously launched a large drop, but will history be repeated?

Despite the short term roundout, Hedera (Hbar) Continues to be lower at the excess time frame. The current price of the action of the mirror was past settings that resulted in significant macronics lower high. This historical parallel is a technical case for caution, especially while Hedera tests a critical resistance zone.

Key technical points

• Hedera currently trades at the control point and 0.618 Fibonacci-identicality to the last Macro Mazar of the lower high-high high-high mazar.
• The strength remains below average, if it does not support permanent breaking.
• No daily shutter caps above resistance confirms this as a valid discard zone.

The high time structure of the hedere frame is still clearly bear. The price of the price followed a consistent pattern of lower high and lower falls. The last big momentum high is formed when the price has attracted to the point of control and search of 0,618 Fibonaccations, exactly where Hedera is now.

This type of mouth is significant because it signs the zone in which the sellers have historically taken control. Currently, the volume does not show strong aggression from the party, and the market is approaching this resistance with a pleasure. Without persuasive close above the level, it is simply another test of resistance in greater trend.

The risk is that this setting forms a new macro lower high, opening the way to continue moving down. The next key support below the current seduced swing to $ 0.12. Pause below which would confirm the next foot in this current bear structure.

What to expect in the upcoming price of the store

If a hedera confirms the rejection here, especially with strong daily closing below the resistance, then it is very likely to see rotation according to the region of $ 0.12. This would not just continue downhill, but also put fresh lower low.

However, if the resistance is broken with the scope and held candles, it could transfer bias for temporarily bullash. But until then, Traders Trenders will see it as a short opportunity on key resistance.