HBAR shows a rebound signal indicated by the OBV indicator, transitioning from the correction since January into a recovery phase

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Hedera’s HBAR has declined approximately 35% since mid-January, reflecting the overall market correction pressure. However, recent data shows the current price has recovered to $0.09, recording a +5.64% increase over the past 24 hours, indicating signs of recovery.

Multiple Technical Indicators Show Accumulation of Buying Pressure

According to NS3.AI analysis, technical indicators suggest a potential rebound. Indicators such as the falling wedge pattern and divergence in capital flow point to the possibility of a bottom formation, with dip buyers’ activity confirmed through the Chaikin Money Flow (CMF) and Money Flow Index (MFI).

OBV and Volume Trends Indicate Complex Signals

On the other hand, there are points to watch. On-Balance Volume (OBV) has recently experienced a breakout, and the downward trend in volume pressure continues. This OBV breakdown raises concerns about the ability of the price to sustain current levels and continue rising. In other words, while buying pressure exists, the decreasing trading volume serves as a warning signal regarding the sustainability of the upward move.

Support Levels That Will Influence Future Developments

Whether HBAR will rebound or face further decline depends on the movement around a key support level near $0.076. Holding this level increases the likelihood of a rebound, but a breakdown could lead to declines toward $0.062 and even $0.043. Monitoring multiple technical signals, including the OBV indicator, is essential to anticipate the market’s next move.

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