HBAR at a Critical Crossroads After Weekly Losses Mount
HBAR has reached a critical threshold at this point. The token has lost over 12.07% for the week and roughly 1.57% during the last day. The price of HBAR is currently circling about $0.1191, having broken through multiple short-term support levels in the process. This stage is crucial. Just 1% separates HBAR from a breakdown zone that can push the price closer to $0.10. A 12% to 13% drop from current levels would result from that action. However, the structure is still being held together by one bullish indication. If it doesn’t work, things could get worse faster.
HBAR CMF Collapse Raises Risk Despite RSI Divergence
CMF has significantly worsened for HBAR. CMF has fallen more than 400% and entered negative territory since December 7. CMF remained positive throughout previous pullbacks, indicating that purchasers absorbed selling pressure. That support is gone this time. A substantial bearish divergence is also seen. The price of the CMF made lower lows, and the price of the HBAR made greater lows between October 10 and December 14. This demonstrates that robust demand from major players does not support recent price stability. To put it simply, significant money quietly left as the price attempted to hold up. The HBAR pricing is fragile because of this imbalance.
On the other hand, one momentum indicator is still displaying a positive signal. The Relative Strength Index (RSI), which gauges the strength and velocity of recent market movements, is that indicator. The RSI has created a positive divergence on the daily chart of HBAR. The RSI made a higher low while the HBAR price produced a lower low between November 21 and December 14. This is a typical sign of a trend reversal and is a classic bullish divergence. This indicates that sellers are continuing to drive down prices, albeit with less vigor.
Descending Triangle Puts HBAR Price at Critical Juncture
The ultimate result is determined by price action. Every rise for weeks has been capped by a declining trend line, which HBAR is currently trading below. The price is currently resting on a trend-based Fibonacci support close to $0.12. The descending trendline completes the descending triangle pattern, which is based on that line. The next significant support, if $0.12 breaks strongly, is located close to $0.10. That action would prolong the negative trend and validate a 12% to 13% breakdown.
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