HBAR has struggled with stagnant price action over the past month, leaving investors skeptical about the potential for further gains.
Despite this lack of growth, broader market signals continue to support a bullish outlook, offering hope for a price recovery soon.
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The Chaikin Money Flow (CMF) indicator for HBAR is currently below the zero line, signaling that outflows are dominating the asset. This trend reflects growing investor skepticism, with many withdrawing their funds due to the lack of momentum for a price rally. Such outflows often weaken bullish sentiment and increase the risk of a price decline.
Investor uncertainty remains a significant headwind for HBAR. If sentiment continues to deteriorate, selling pressure could intensify, further suppressing the upside movement. Continued outflows indicate the need for stronger market participation to reverse current sentiment and support a potential recovery.
HBAR CMF. Fonte: TradingView
Despite the challenges, HBAR’s Relative Strength Index (RSI) remains above the neutral line at 50.0, indicating that the broader market still offers some bullish support. This stability in the RSI suggests that while HBAR faces resistance, a full-blown breakout could be avoided if market signals remain favorable.
The RSI position reinforces the possibility of holding current price levels. Broader macroeconomic factors may play a crucial role in determining whether HBAR can sustain its position and potentially regain upward momentum. A change in external conditions could provide the necessary catalyst for a breakout.
HBAR RSI. Source: TradingView
HBAR Price Prediction
HBAR is currently stuck between $0.39 and $0.25. Throughout December, the altcoin tested the $0.39 resistance only once, highlighting the lack of sustained momentum. This range-bound behavior highlights the challenges HBAR faces in mounting a meaningful recovery.
Given the current sentiment and technical factors, HBAR is likely to remain in consolidation for now. However, if the bearish sentiment intensifies, a drop below the $0.25 support level could occur, potentially leading to further declines and dampening investor optimism.
HBAR Price Analysis. Source: TradingView
On the other hand, a surge in optimism driven by broader financial market conditions could help push the $0.39 resistance above the low. Such a break would invalidate the bearish-neutral outlook, reviving investor confidence and setting the stage for a renewed upward move. The coming weeks will be decisive in determining HBAR’s trajectory.
The article HBAR Faces Recovery Struggles as Outflows Rise appeared first on BeInCrypto.