HBAR Price Near a Range Break — And the Next Move Could Hurt Bulls
HBAR is down nearly 31% over the previous month, even after posting a sharp 27% rebound between November 21 and 23. That bounce nonetheless retains about 11% of features on the weekly chart, however the transfer has stalled once more.
The token has spent nearly a full week buying and selling between two shut value ranges, and that tight vary now seems prepared to interrupt. Key indicators at the moment are flashing. However, the alerts recommend that the break may not favor the bulls.
Momentum Signals Turn Against Hedera
HBAR’s momentum weakened proper after the rebound. Between November 23 and November 26, the value shaped a decrease high whereas the RSI made a larger high.
The RSI, or Relative Strength Index, measures momentum. When momentum rises, however the chart prints a decrease high, it creates a hidden bearish divergence, which frequently alerts that the downtrend can proceed.
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HBAR’s broader trend nonetheless reveals a 31% drop over the previous month, so the setup matches the sample.
Volume information factors the identical method. OBV, or On-Balance Volume, tracks whether or not actual consumers or sellers dominate.
HBAR’s OBV stays caught below a descending trendline, and between November 25 and 28, the value made a larger low, however OBV made a decrease low.
This is a bearish divergence, indicating fading purchaser power, at the same time as the candles try and stabilize. As lengthy as OBV trades below the trendline, strain stays on the draw back.
Both divergences reinforce one another. They clarify why the rebound from November 21 to 23 couldn’t construct follow-through and why the present vary seems unstable.
With momentum fading and purchaser strain weakening at the identical time, the market could attempt to prolong the earlier downtrend.
HBAR Price Levels: One Range, Two Outcomes
The HBAR price has been shifting between $0.151 on the upside and $0.140 on the draw back for nearly a week. That’s the identical tight vary talked about earlier.
Momentum alerts now present that this vary is near breaking.
If $0.140 provides method, the chart opens a transfer towards $0.122, which is the most up-to-date help zone. A clear candle shut beneath $0.140 confirms the breakdown and wipes out what stays of the weekly rebound.
For the bearish setup to fail, the whole construction should shift. OBV wants to interrupt above its descending trendline in order that purchaser strain returns.
At the identical time, HBAR should shut above $0.151, a degree it has not crossed since November 16.
Until these circumstances are met, the HBAR value stays in danger. The vary could not maintain if the broader market weakens once more, and the subsequent transfer might come rapidly as soon as the $0.140 line breaks or holds.
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