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Technical analysis by Crypto_Gym_Work about Symbol HBAR: Sell recommendation (8/5/2025)

https://sahmeto.com/message/3687397
Sell،Technical،Crypto_Gym_Work

Today we dug up a real crypto zombie! HBAR — is it worth touching or better to avoid? Let me explain: The token was dead for many years after 2021. But suddenly it grew by hundreds of percent after the ETF application was filed. I will not discuss how useful this project is or not, let's just look at the chart: ➡️ During the last growth impulse, a GAP was formed from below, which has already begun to partially close. At levels of $0.243 - 0.171. In 99% of cases, gaps close sooner or later, continuing to attract price until that moment. ➡️ Volume - divergence in purchase volumes. The price is falling, and sales volumes are also falling. Fewer and fewer people want to sell. But it's too early to rejoice; look at the purchase volumes, they are simply non-existent. ➡️ Money Flow - surprisingly, the picture here is not so bad. Harmony with the price. Liquidity is slowly coming in, but the indicator is already in the neutral zone, even though we are in the midst of a bull market. ➡️ Support/Resistance - the price was unable to overcome even such a weak resistance level as $0.289. This only confirms the complete lack of desire to buy among people. Yes, of course, no one is selling either, because what is the point of selling in the midst of growth? ➡️ The price is now approaching the support level of $0.235, a level with fairly low interest, and if it cannot hold the price, the next support level will be at the very bottom of the GAP at $0.175. 📌 Conclusion: It is extremely convenient to trade now, as HBAR is simply flying in both directions like a weather vane. And now, when the correction begins, it will fall sharply. But don't even think about buying it on the spot. Spare your deposit 😁

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$0.24135
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