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Hedera Analysis: Can HBAR Hold Above $0.205?
Hedera’s native token, HBAR, is showing signs of potential weakness as technical indicators paint a mixed picture. While investor interest appears to remain, broader market conditions and shifting momentum could challenge the asset’s near-term stability.
Capital Inflows Offer Mixed Signals
The Chaikin Money Flow (CMF) indicator is trending upward, suggesting continued inflows into HBAR despite overall uncertainty. A rising CMF typically reflects buying activity attempting to offset selling pressure.
Rob Allen, Director of HEAT at Hashgraph, remains optimistic about the sector’s direction, stating,
“The crypto sector is heading toward an explosion of digital currencies and the use cases that support them.”
His remarks highlight long-term confidence, even as short-term trends remain unclear.
EMA Convergence Signals Fragile Momentum
HBAR’s momentum is weakening as the gap between the 50-day and 200-day Exponential Moving Averages (EMAs) continues to narrow. This convergence comes nearly two months after a bullish crossover and could signal an approaching trend reversal.
If the 200-day EMA crosses above the 50-day EMA, it would form a Death Cross — a bearish indicator that could lead to intensified selling pressure. The fading bullish structure adds to the asset’s vulnerability.
Price Movement Stuck in Descending Pattern
HBAR is currently trading at $0.215, hovering above key support at $0.213 within a descending wedge pattern. While such patterns can often resolve positively, resistance at $0.219 and the stronger barrier at $0.230 may delay any breakout attempts.
A break below $0.205 could invalidate the bullish outlook and expose the token to further downside toward $0.198, potentially increasing short-term volatility.
