The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/hbar-price-analysis-crossing-0-050-is-hbar-ready-to-reach-0-069/">HBAR Price Analysis: Crossing $0.050, Is HBAR Ready To Reach $0.069?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the sharp recovery from $0.040, the HBAR coin price resulted in a rising channel pattern. Reaching the height of $0.075, the overhead supply pressure led to a sharp negative turn within the channel, leading to a bearish breakout.&nbsp; 
The breakdown rally falls to the $0.045 mark while making multiple bearish candles. During the correction phase, the HBAR coin price dropped by 30% within a month.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="463" src="https://image.coinpedia.org/wp-content/uploads/2023/09/14133437/HBARUSD_2023-09-14_13-03-31-1024x463.png" alt="" class="wp-image-229508" srcset="https://image.coinpedia.org/wp-content/uploads/2023/09/14133437/HBARUSD_2023-09-14_13-03-31-1024x463.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/09/14133437/HBARUSD_2023-09-14_13-03-31-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/09/14133437/HBARUSD_2023-09-14_13-03-31-768x347.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/09/14133437/HBARUSD_2023-09-14_13-03-31-1536x694.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/09/14133437/HBARUSD_2023-09-14_13-03-31-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/09/14133437/HBARUSD_2023-09-14_13-03-31.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
The downtrend decreased the chances of a golden crossover, leading to an increased bearish gap within the 50-day and 200-day EMA. The HBAR coin price currently finds a bullish reversal with a morning star at $0.045. 
The HBAR coin price currently trades at $0.053175 with an intraday growth of 2.84%. 
<h2 id="will-hbar-price-escape-the-channel" data-name="will-hbar-price-escape-the-channel" class="wp-block-heading">Will HBAR Price Escape The Channel?</h2> 
In the 4-hour chart, the downtrend correction forms a bearish channel pattern. However, the recent bullish reversal displays a sharp rise to the overhead resistance trend line coinciding with the 200 EMA.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="463" src="https://image.coinpedia.org/wp-content/uploads/2023/09/14133441/HBARUSD_2023-09-14_13-04-08-1024x463.png" alt="" class="wp-image-229509" srcset="https://image.coinpedia.org/wp-content/uploads/2023/09/14133441/HBARUSD_2023-09-14_13-04-08-1024x463.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/09/14133441/HBARUSD_2023-09-14_13-04-08-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/09/14133441/HBARUSD_2023-09-14_13-04-08-768x347.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/09/14133441/HBARUSD_2023-09-14_13-04-08-1536x694.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/09/14133441/HBARUSD_2023-09-14_13-04-08-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/09/14133441/HBARUSD_2023-09-14_13-04-08.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
The increased bullish momentum projects a high possibility of a bullish breakout. However, the bearish candle forming with the 2.95% retracement increases the chances of a sideways trend before the actual bullish breakout.&nbsp; 
Moreover, the recovery increases the chances of a golden crossover in the 4-hour chart. Moreover, the uptrend can reach $0.069, a 34% jump. However, if the prices fail to exceed the 200-day EMA, the downtrend will continue and retest the bottom support level. This will lead prices to $0.044, a 14% drop.

HBAR Price Analysis: Crossing $0.050, Is HBAR Ready To Reach $0.069?

Table of Contents

CoinPedia News

Other articles published on Sep 14, 2023

Court greenlights FTX’s plan to liquidate $3.4 billion crypto assets

North Korea linked to latest crypto hacks, surpassing $270m

Fisker Inc (NYSE: FSR): FSR Stock On Sellers’ Radar, Reversal?

Enjin Blockchain Unveils Groundbreaking NFT Standards

Chainalysis' Global Crypto Adoption Index is headed by India

Coinbase's Lightning Network Plans Get Backing From Ark Invest CEO

Join our free newsletter for daily crypto updates!