HBAR Rally Stalls at Crucial Level: Is This the Calm Before the Storm?
In recent weeks, HBAR has exhibited signs of strength, rising gradually to multi-month highs. But right now, the altcoin is hovering just below a crucial resistance level. The market is still split as growing worries about profit-taking and saturation collide with investor optimism.
HBAR Traders Stay Bullish as Funding Rates Remain Positive for Over a Month
Because HBAR’s funding rate has been consistently positive, traders seem to be bullish on the company. This rate has been in the green for over a month. This week, the funding rate increased twice, indicating that long positions were dominating the market. The fact that traders are regularly opening leveraged long contracts indicates that they are betting on sustained gains.
This kind of action usually corresponds with market confidence. Aiming to lock in profits before a possible breakout, these investors anticipate that the HBAR price will increase. On the other hand, extreme optimism can occasionally indicate the height of a rally, which makes other market groups cautious.
HBAR Rally Faces Uncertainty as CMF Shows Signs of Weakening Momentum
A more cautious picture is being painted by the Chaikin Money Flow (CMF), a crucial technical indicator. The CMF is still above the neutral zero line, although it is currently experiencing a macro slump. This implies that although there are inflows, outflows are starting to increase, indicating that some investors are selling their holdings.
This change raises questions about the rally’s long-term viability. Many holders are opting to secure profits as HBAR gets closer to what is anticipated to be a saturation point. These conflicting actions by long-term investors and short-term traders are keeping HBAR in a stalemate and reducing its momentum in either direction.
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