HBAR Has One Bullish Play Left — Is It Enough to Avoid a 13% Breakdown?
HBAR is working out of time. The token is down practically 2% over the previous 24 hours and shut to 10% for the week. In the method, HBAR worth has damaged a number of short-term help ranges and is now hovering close to $0.12.
This stage is crucial. HBAR is barely 1% above a breakdown zone that would drag the value towards $0.10. That transfer would translate into a 12% to 13% decline from present ranges. But one bullish sign remains to be holding the construction collectively. If it fails, the draw back may speed up.
Big Money Stepping Away Weakens the Setup
The primary supply of stress comes from how large HBAR holders are behaving.
This is seen by the Chaikin Money Flow (CMF), which tracks whether or not large cash is coming into or exiting an asset by combining worth motion with buying and selling quantity. When CMF is above zero, giant patrons are energetic. When it falls beneath zero, the distribution is happening.
For HBAR, CMF has deteriorated sharply. Since December 7, CMF has dropped by greater than 400% and moved deep into detrimental territory. Earlier pullbacks nonetheless noticed CMF keep optimistic, that means patrons absorbed promoting stress. This time, that help is gone.
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There can be a clear bearish divergence. Between October 10 and December 14, the HBAR worth shaped larger lows, whereas the CMF shaped decrease lows. This exhibits that current worth stability was not backed by sturdy demand from giant gamers.
In easy phrases, worth tried to maintain up whereas large cash quietly exited. That imbalance makes the HBAR worth weak.
One Bullish Signal Is Still Holding the Floor
Despite the weak big-money image, one momentum indicator remains to be flashing a bullish signal.
That indicator is the Relative Strength Index (RSI), which measures the power and velocity of current worth strikes. It helps determine when promoting stress could also be getting exhausted. Readings close to 30 normally counsel oversold situations.
On HBAR’s daily chart, RSI has shaped a bullish divergence. Between November 21 and December 14, the HBAR worth made a decrease low, whereas the RSI made a larger low. This is a basic bullish divergence and sometimes seems as a pattern reversal signal.
P.S. The HBAR worth is in a clear downtrend, shedding over 48% within the 3-month horizon.
This tells us sellers are nonetheless pushing costs decrease, however with much less drive every time. The decline continues, however the seller-driven momentum behind it’s weakening. At the second, this RSI divergence is the one bullish play HBAR has left.
HBAR Price Breaks Down or Turns the Tide?
Price motion defines the ultimate final result. HBAR is trading beneath a descending pattern line that has capped each rally for weeks. At the identical time, worth is sitting on a trend-based Fibonacci help close to $0.12. That line acts as the bottom of the descending triangle sample, accomplished by the descending trendline.
This zone is the final line of protection.
If $0.12 breaks decisively, the subsequent main help sits close to $0.10. That transfer would verify a 12% to 13% breakdown and prolong the bearish pattern.
To stabilize, the HBAR worth should reclaim $0.13. That stage traces up with a key Fibonacci retracement zone and would sign patrons stepping again in.
A stronger shift would solely come above $0.13. That would place the value again above the descending pattern line and reset the construction from bearish to impartial.
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