Crypto
HBAR Enters Maximum Coil: Bulls Must Break $0.082 in 72 Hours
The Hedera Hashgraph token, HBAR, is experiencing a unique market condition known as near-zero volatility compression at $0.08.
This situation occurs when every moving average, the 7, 20, 50, and 200-day, converges to the same price level.
According to chart traders, this is not indecision but rather a maximum coil, where the market is holding its breath.
The daily range is nearly non-existent, the Average True Range (ATR) has flatlined, and Bollinger Bands are squeezing into a narrow corridor between $0.07 and the current price of $0.08.