Featured News Headlines
- 1 HBAR Price Analysis: The Crucial $0.155 Level That Will Decide Hedera’s Next Move
- 1.1 The Price Action: A Triangle Pattern Forms
- 1.2 Chaikin Money Flow (CMF) Shows Strength
- 1.3 RSI: Hidden Bearish Divergence Looms
- 1.4 Key Levels to Watch for HBAR Price Action
- 1.5 Support Levels: A Drop Below $0.142 Could Derail the Bounce
- 1.6 The Bigger Picture: Mixed Sentiment for HBAR
- 1.7 HBAR Faces a Critical Decision Point
HBAR Price Analysis: The Crucial $0.155 Level That Will Decide Hedera’s Next Move
Hedera (HBAR) has shown a notable recovery in the last 24 hours, gaining more than 13% and reversing much of its recent losses. Despite being down approximately 18% over the past month, the latest price bounce signals a stronger conviction than previous attempts, prompting speculation that a genuine rally may be on the horizon.
However, whether this rebound transforms into a full-fledged rally depends on breaking through a critical resistance level that will dictate the next phase for HBAR. With key technical indicators pointing to both buying strength and underlying concerns, all eyes are on the $0.155 barrier.
The Price Action: A Triangle Pattern Forms
Currently trading around $0.149, HBAR is wedged inside a symmetrical triangle pattern, where the price has been gradually narrowing between lower highs and higher lows. This type of chart formation typically results in a breakout once the price reaches the apex. However, determining which direction the breakout will take remains uncertain.
A breakout from such a triangle can signal the next significant move for the asset, and two technical indicators, CMF (Chaikin Money Flow) and RSI (Relative Strength Index), hold the key to understanding whether the current rebound has real staying power.
Chaikin Money Flow (CMF) Shows Strength
The first of these indicators, CMF, measures the accumulation or distribution of a token by large wallets. A recent CMF break above its downward trendline, now sitting near 0.03, is a bullish sign, indicating that big-money players are increasing their exposure to HBAR. If the CMF continues to rise toward 0.07, it would signal growing buying interest, even without the price needing to revisit the previous swing high near $0.198. This would provide much-needed support for the current rebound and indicate that demand for HBAR is strengthening.
RSI: Hidden Bearish Divergence Looms
On the flip side, RSI—a well-known momentum indicator—shows some warning signs. Between November 23 and December 3, RSI created a higher high while HBAR’s price made a lower high. This is known as a hidden bearish divergence, which often suggests that a pullback may occur, especially within broader downtrends. While this divergence signals some caution, it is not yet a death sentence for the rally.
The divergence can be negated if HBAR breaks above the $0.155 level. A daily close above this price point would eliminate the mismatch between the price action and momentum, showing that buyers are strong enough to push the price beyond the upper trendline of the triangle, thus turning the rebound into a full-fledged rally.
Key Levels to Watch for HBAR Price Action
The price action for HBAR hinges on one significant price level: $0.155. If the token closes above this threshold, it would push the price close to the top of the triangle, signaling that the bulls are in control. This breakout would also negate the bearish divergence in RSI and confirm that buyer demand is strong enough to fuel the next leg of the rally.
If the price manages to break above $0.155, the next target could be $0.180, depending on whether CMF continues to improve and support the upward momentum. This would mark a significant move higher for HBAR, signaling a potential shift in trend toward a bullish phase.
Support Levels: A Drop Below $0.142 Could Derail the Bounce
On the other hand, if HBAR fails to break through $0.155, it may face further resistance at the upper trendline, leading to a stall in the upward movement. In this case, the nearest support for HBAR lies around the $0.142 level, which has held up well during recent trading sessions. A failure to hold above this level would weaken the current rebound and could expose the $0.130 level as the next support zone. A drop below $0.130 would place HBAR back into a bearish scenario, especially if the broader market softens.
The Bigger Picture: Mixed Sentiment for HBAR
Currently, HBAR finds itself in a unique position. On the one hand, there is strong money flow backing the asset, suggesting that institutional or large investors are showing confidence. However, the RSI divergence signals that buyers may lack the momentum needed to break out of the triangle and push HBAR to new highs.
What’s clear is that the $0.155 level is the key to determining the future direction of HBAR. If it can break above this resistance, the token could see a sustained rally toward the $0.180 mark. However, if the breakout fails, HBAR could face a deeper retracement and revisit lower levels around $0.130 or even $0.120.
For now, the asset sits in a delicate balance. HBAR needs to break through this crucial barrier to gain momentum, and technical indicators suggest that both bullish and bearish scenarios are possible, depending on how the price behaves at this pivotal level.
HBAR Faces a Critical Decision Point
In conclusion, the HBAR price action is at a crucial crossroads, and the next few trading sessions could provide more clarity on whether this rebound can evolve into a genuine rally. With CMF showing strength and RSI signaling a potential pullback, it’s clear that HBAR is at a critical juncture. The outcome of the battle between buyers and sellers at the $0.155 level will likely determine the short-term direction of HBAR, with a break above this level likely to spark a rally toward $0.180 and beyond.
Investors and traders will be closely watching HBAR’s price action, as this key level could set the stage for a significant trend shift in the coming weeks.
