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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/hbar-price-analysis-shakeout-for-hbar-buyers-with-pullback/">HBAR Price Analysis: Shakeout For HBAR Buyers With Pullback!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
As Bitcoin drops back under the psychological mark of $35K, the altcoins market takes a short pullback. Similar to other altcoins, the HBAR coin price also takes a hit and retests the 200-day EMA.&nbsp; 
Regardless of the shortcomings, the overall upcycle sustains momentum with a 19% recovery in the last two weeks.&nbsp; 
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 <img decoding="async" width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2023/11/03142420/HBARUSD_2023-11-03_13-08-37-1-1024x481.png" alt="" class="wp-image-241789" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/03142420/HBARUSD_2023-11-03_13-08-37-1-1024x481.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/03142420/HBARUSD_2023-11-03_13-08-37-1-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/03142420/HBARUSD_2023-11-03_13-08-37-1-768x361.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/03142420/HBARUSD_2023-11-03_13-08-37-1-1536x722.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/03142420/HBARUSD_2023-11-03_13-08-37-1-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/03142420/HBARUSD_2023-11-03_13-08-37-1.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
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Taking a double bottom reversal from the $0.045 mark, the HBAR price trend showcases a positive trend within a symmetrical triangle. The recovery rally crosses above the 50-day EMA and the 200-day EMA to reach the $0.057 mark. 
However, with a sudden reversal in the overall market, the HBAR prices struggle to sustain above the $0.057 mark. With higher price rejection and a 1.72% intraday fall, the HBAR coin trades at $0.054. 
With a small hiccup disrupting the upcycle, the buyers are losing their footing and struggling to hold the fort at the 200-day EMA. In case the market fails to hold down the correction phase, the altcoins market can face a sharp pullback.&nbsp; 
Technical indicator: 
MACD indicator: The MACD and signal lines are on a rising trend but are losing the bullish gap due to the increased supply. Therefore, the momentum indicator shows a loss in trend momentum and teases a negative crossover. 
EMAs: By crossing above the 200-day EMA, the HBAR price reached a milestone and increased the triangle breakout chances. However, the supply surpassing the average line warns of a deep correction.&nbsp; 
<h2 class="wp-block-heading" id="h-will-hbar-price-rise-above-0-050">Will HBAR Price Rise Above $0.050?</h2> 
As the HBAR price overcomes the dynamic resistances, the chances are on the bullish side, sustaining the momentum. However, in resonance with the market-wide fall, the altcoin may soon experience a huge incoming supply pressure.&nbsp; 
Currently, the price trend sustains above the 200-day EMA and might reach $0.065 to give a triangle breakout if it crosses $0.060. 
On the flip side, if the prices fail to sustain above the 200-day EMA, the HBAR price may drop to $0.045.&nbsp;

HBAR Price Analysis: Shakeout For HBAR Buyers With Pullback!

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