HBAR Technical Analysis: Bearish Comeback Kicks Down $0.20

HBAR coin price breaks underneath the $0.20 support zone and teases a bearish continuation to the $0.15 mark. Should you take the bearish side? Key technical points: The coin price breaks below the $0.20 mark The HBAR coin price plunged 3.85% within a day. Finally, the 24-hour trading volume of Hedera Hashgraph is $51.57 Million, marking an 18% fall. Past Performance of HBAR The HBAR coin price action shows the bears taking down the consolidation range between the $0.20 and $0.26 marks with a downfall of 25% within a fortnight. The downtrend cracks underneath all the crucial EMAs, keeping a sideways trend in the consolidation range. Moreover, the downtrend undermines the recent bullish retracement seen in the past two days. Source-Tradingview HBAR Technical Analysis HBAR coin price shows the bears taking over the trend control resulting in a downfall below the consolidation and nullifying our previous article. Hence, the fallout indicates a downtrend to the $0.15 mark. The crucial daily EMAs maintain a bearish alignment in the daily chart with a significant bearish spread providing multiple resistance spots. RSI Indicator: The RSI slope shows a sharp decline underneath the halfway mark after failing to creep into the overbought zone. Moreover, the 14-day SMA falls under the 50% line reflecting a boom in underlying bearishness. MACD Indicator: The bearish trend in the MACD histogram regains momentum as the selling pressure grow...