HBAR’s Struggle Is Real – Is It Time to Panic or Just Watch the Train Wreck?

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Hedera Hashgraph’s native token, HBAR, has been wandering aimlessly for the past four days, refusing to join the crypto party that’s been throwing confetti everywhere. 🙄

While the rest of the crypto market was busy partying with gains in the last 24 hours, HBAR decided to go in the opposite direction, posting a delightful 2% drop. How charming. This is probably a sign that people are starting to lose faith in this token, and it might soon tumble out of its narrow comfort zone. Talk about a midlife crisis! 😬

HBAR’s Drama Unfolds: The Slow Descent

The relentless capital outflows from HBAR’s spot market are really starting to take their toll. According to Coinglass, HBAR’s spot market outflows have amounted to a staggering $6.42 million in just three days. You know it’s bad when your crypto is losing more than your grandma’s heirloom jewelry collection at a pawn shop. 💸

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Outflows happen when holders decide their tokens are no longer worth the trouble and move their funds to more exciting investments. It’s like when people leave a bad party early-except in this case, the party is your crypto portfolio. 🍸💔

With the last three days’ daily outflows, we’re clearly seeing more people abandoning ship. This doesn’t help HBAR’s cause, as it now seems stuck in a sideways trend. It’s the crypto equivalent of a midlife crisis-reassessing life choices with no clear answer. 😅

Adding fuel to the fire, HBAR’s Chaikin Money Flow (CMF) has decided to take a dip. Right now, it’s sitting at -0.07, and it’s not looking like it’s about to turn around anytime soon. That’s a negative mood, folks. 😬

CMF measures whether there’s buying or selling pressure on an asset. A positive CMF means money is flowing in, like a new season of your favorite Netflix show. A negative CMF? Well, that’s like your least favorite character coming back for another season. Not good. 🙄

For HBAR, the negative CMF signals that money is flowing out faster than you can say “sell-off,” and it’s pushing the price lower. If this trend continues, we could see a tumble below its current support level. Yikes! 😱

Can HBAR’s Bears Make a Clean Break at $0.2591?

As of now, HBAR is sitting at $0.2663, comfortably below its resistance level of $0.2667. Sounds like it’s not ready to be the life of the party, huh? With all the selling pressure, it looks like it might just fall to the $0.2591 support level. Grab your popcorn. 🍿

But hey, if the bulls ever decide to show up and actually do something useful, they might push HBAR past that resistance wall and send it to $0.2905. If that happens, we’ll all be shocked. But stranger things have happened. 😂

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2025-08-11 13:11