HBAR has experienced a significant downturn, dropping 6.43% within the last 24 hours to reach $0.1679. Despite a recent short-lived rally, the overall trend remains bearish, with investors expressing caution amidst technical indicators suggesting ongoing selling pressure.
Negative Chaikin Money Flow Indicates Declining Investor Confidence
A key signal of HBAR’s weakening momentum comes from the Chaikin Money Flow (CMF) indicator, which has recently transitioned into negative territory. This shift indicates that capital outflows are surpassing inflows, suggesting diminishing investor confidence in a short-term recovery for HBAR.
Market participants are becoming increasingly guarded, as trading volumes fail to support any upward movement. The recent 13% price increase that briefly elevated HBAR has been undone, with traders unable to maintain sufficient buying momentum.
Without a notable shift in market sentiment or a clear catalyst to boost demand, HBAR’s price may continue to face downward pressure, potentially testing the critical support level of $0.163. A breach of this support could lead to further losses.
Squeeze Momentum Indicator Signals Imminent Volatility
Volatility remains a significant concern for HBAR. The Squeeze Momentum Indicator (SMI), which helps traders anticipate abrupt price movements, has recently shown tightening patterns. This development often indicates that a breakout—either upward or downward—may be imminent.
Currently, SMI bars are red, reinforcing a bearish outlook; however, traders are keenly monitoring the potential for a shift to green that could signal a bullish reversal.
Until such a change occurs, the indicator suggests that HBAR may continue to encounter selling pressure. The intensity of this tightening pattern could trigger a major price movement in either direction. Given the lack of current momentum and negative readings from both CMF and SMI, the likelihood of a downward movement remains high, with HBAR potentially testing lower levels around $0.154.
HBAR Struggles to Overcome Bearish Trend
The overall market structure for HBAR remains bearish. Despite a temporary recovery earlier this week, the token has not managed to break free from the broader downtrend that has persisted for over a month.
Price action consistently shows an inability to surpass the resistance level of $0.172, which is crucial for restoring bullish sentiment according to analysts. Upcoming trading sessions will be critical; a move above this level could invalidate the current bearish trend and attract new buyers.
If this scenario unfolds, HBAR may recover towards levels closer to $0.180 and potentially aim for $0.188. However, without strong buying support, this outcome seems unlikely at the present time.
Currently, bearish indicators—negative CMF, red SMI bars, and failed breakout attempts—point toward a continued downward trajectory for HBAR. Unless the market experiences a resurgence of interest or a favorable external event, HBAR may continue to face headwinds in the upcoming days.
Key Support and Resistance Levels to Watch
Immediate support for HBAR is positioned at $0.163, a level that has been upheld in recent trading sessions. A breakdown below this threshold could expose the token to further losses toward $0.154, intensifying the current bearish trend.
On the upside, resistance remains at $0.172, followed by $0.180 and $0.188. Only a decisive move above these levels would indicate a potential reversal and allow bulls to regain control.
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