HBAR dropped lower after faltering at $0.05. Can the weekly bullish OB at $0.040 ease the extended drop?
price action remained unchanged near the range-low of $25.8k ahead of next week’s Fed rate decision. A surge in market volatility was likely before and after the decision, and here are key levels to consider for HBAR’s price action.On the zoomed-out H4 chart, the white area of $0.0356 – $0.0444 is a weekly bullish order block. Above the weekly bullish OB exists a previous low of $0.0456.
However, we could expect a strong rebound at the weekly bullish OB. The area led to a solid positive price reaction after June’s price dump and could come to the bull’s rescue again, especially if BTC recovers from recent losses.
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