HBAR Faces Market Pressure with Promising Recovery Signals

robot
Abstract generation in progress

Hedera (HBAR) is currently facing significant market challenges, with the price reaching $0.09 and showing a 4.66% increase in the last 24 hours. Since mid-January, this digital asset has declined nearly 35% from its higher levels, reflecting broader corrections in the cryptocurrency market. Nevertheless, some technical signals offer hope that a recovery may be forming.

Technical Indicators Show Positive Signs

Analysis from NS3.AI reveals that descending wedge patterns and money flow divergence have begun to signal interest. Chaikin Money Flow (CMF) and Money Flow Index (MFI) detect the presence of institutional buyers starting to accumulate at lower price levels, indicating renewed buyer interest. This activity faces some technical challenges, particularly weakening trading volume and a decline seen in On-Balance Volume (OBV).

Critical Support Levels Become Key Reversal Points

Investors’ attention is now focused on the fundamental support level around $0.076. If HBAR can hold this level, the bullish scenario for further recovery becomes more assured. However, if this level is broken, the asset risks continuing to decline toward the next support at $0.062, and if downward pressure persists, the $0.043 level will become the target bottom to watch. The dynamics between buyers and sellers at these critical levels will determine HBAR’s trajectory in the coming period and whether a recovery is a likely scenario or just a temporary rally.

HBAR2,05%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)