The recent HBAR price recovery is showing mixed signals and signs of exhaustion. The price is struggling to hold at current levels as technical analysis data reveals declining investor interest. Weak capital inflows, a key metric, threaten to halt the recent rally. Traders are cautiously watching to see if the uptrend can be sustained or if a correction is imminent.
At the time of this analysis, HBAR is trading at $0.170. It sits just below a critical resistance zone located at $0.178. The Chaikin Money Flow (CMF) indicator, which measures buying and selling pressure, shows a notable decline. This drop indicates that fewer funds are entering the asset compared to outflows. Confidence among traders appears to be eroding, which hinders significant accumulation. This lack of new capital makes it difficult for HBAR to sustain short-term rallies.
Weakness in capital inflows is a primary warning sign. It suggests that the recent rebound from previous lows lacks strong buying conviction. Without renewed investor interest, HBAR’s price will struggle to overcome significant resistance barriers. However, not all technical signals are bearish. The MACD (Moving Average Convergence Divergence) indicator hints at a potential momentum recovery. Technical analysts are closely monitoring this indicator.
The MACD is showing early signs of a potential bullish crossover. The MACD line is approaching the signal line from below. If a bullish crossover materializes, this is often seen as a precursor to a short-term price recovery. It could reignite buying momentum. The price faces immediate resistance at $0.178. A successful break and daily close above this level is vital. Such a move could propel HBAR toward the psychological target of $0.200. This event would confirm the HBAR price recovery.
Can HBAR break the key $0.178 resistance?
HBAR’s short-term future depends on the battle at $0.178. If the HBAR price recovery fails at this crucial point, the price could pull back sharply. The first immediate support is found in the $0.162 zone. A drop below that defensive level could send the token toward $0.154. Investors must closely watch the interaction between the bearish CMF and the potentially bullish MACD. The Hedera blockchain faces a decisive technical moment that will define its trend in the coming weeks.
