The price of HBAR (Hedera) is in an intense “tug-of-war” this November 5th, holding within a tight range between $0.16 and $0.20. The asset has seen monthly losses of 21%. However, technical analysis reveals contradictory signals. While a long-term bearish trend looms, on-chain data shows growing HBAR whale accumulation.
The technical details paint a divided picture. On one hand, the daily chart shows an imminent bearish crossover. The 100-day Exponential Moving Average (EMA) is about to drop below the 200-day EMA. This is an indicator of long-term weakness. On the other hand, a bullish divergence is in play. Between October 23 and November 4, the price made lower lows, but the RSI (Relative Strength Index) marked higher lows. This suggests that selling pressure is becoming exhausted.
This division defines HBAR’s current phase. The range between $0.16 and $0.20 has held firm since October 11. Short-term buyers are testing the market’s strength. Meanwhile, long-term sellers are aggressively defending the resistance zone. The fate of HBAR, like many cryptocurrencies, depends on which of these forces wins the battle. Momentum appears to be improving, but the overall trend remains cautious.
Can silent whale accumulation break HBAR’s bearish trend?
While the chart looks undecided, on-chain data is clearer. The Chaikin Money Flow (CMF), which measures money flow, has been rising since November 3. This is occurring even as the HBAR price was falling. This divergence indicates that whales are quietly buying the dip. Significant capital inflows increased as the price approached $0.16, confirming the HBAR whale accumulation.
The HBAR price remains at a technical crossroads. If the CMF continues to rise above 0, it would confirm steady accumulation. This could help HBAR push the price toward the upper end of its range, near $0.20. Traders are watching critical levels. A breakout and daily close above $0.20 would be the first sign of real bullish momentum. Conversely, if the price breaks the $0.16 support, it could expose the next critical support level at $0.14.
