HBAR looked at the death cross, shrugged, and then did the market equivalent of jumping out of its own funeral procession, saying, “Not today, Satan.” In classic plot twist fashion (the kind reserved for last-minute weddings and confessions in public toilets), HBAR decided to defy all those carefully drawn bearish charts, pumping 20% in just two weeks as if technical analysis is just “a suggestion, darling.” 🚀
The bulls have been clinging to control with the determination of someone who absolutely will not call their ex, even as the adrenaline fizzles. If people keep deciding they simply must buy more, HBAR might just keep making mathematicians cry.
Death Cross Drama: The Technical Funeral That Never Happened
So, what’s a death cross, you ask? Aside from sounding like a D-grade horror movie, it’s when the 50-day moving average skids embarrassingly under the 200-day, a big neon sign for, “Careful, things could get ugly.” Traders panic, analysts frown, and somewhere, someone tweets “RIP.”
This is usually the start of a slow, painful slide. Or, you know, it’s just noise. Because HBAR responded to all this doom by moonwalking out of the grave, gaining 20% while market bears presumably updated their resumes.
Turns out, “rules” don’t always apply when the market’s high on hopium. Volatility, darling – it’s the only constant. If you blinked, you missed HBAR’s little resurrection. Technically, the MACD indicator is still flashing jazz hands for the bulls, even if the show’s gotten less dramatic lately.
Yes, the MACD bars are looking tired (maybe it’s the market consolidation, maybe it’s Maybelline), but the MACD line isn’t done flirting with that signal line. Bulls still have the conch. 📈
So, even with all the funereal talk, the setup still whispers, “Wait, are we sure we’re dead?”
Ascend or Faceplant: Will HBAR Stick This Bullish Landing?
HBAR’s been strutting along an ascending trend line since April 16 (fashionably late, but looking good). Posting higher lows, as if to say, “Gravity? Never met her.” That kind of momentum usually means the market’s mood is more high-fives than panic buttons.
If the buyers keep up this energy, HBAR could smash through $0.19 and shoot for $0.23 like it’s got a hot date up there. Imagine the headlines, imagine the memes.
Of course, there’s always a chance reality checks in, selloffs resume, and HBAR tumbles all the way down to $0.15. Markets are fickle. At least nobody can say it wasn’t entertaining. 🕺
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2025-04-29 16:56