HBAR Price Shows Cracks – Yet a Quick Rebound May Be Hiding in the Charts

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Once again, the price of HBAR is under pressure, dipping by a modest 3.2% in the past 24 hours, settling at the underwhelming $0.195. Meanwhile, the so-called “big players” are mostly sitting tight, but Hedera’s chart seems to stand out as sellers try to claw back last week’s feeble 12.7% gain. Shocking, right? 👀

It’s hard to deny that the structure is looking weak. But wait, don’t throw in the towel just yet! A tiny glimmer of hope might just be lurking on the charts, suggesting a slight rebound before the inevitable plunge. No promises of a bullish turnaround just yet, though – let’s not get ahead of ourselves! 😅

Daily Chart: A Portrait of Weakness, and It’s All Thanks to Big Money!

Looking at the daily chart of HBAR, we see a clear sign of exhaustion. Between October 6 and October 31, the price made lower highs, but-surprise, surprise-the Relative Strength Index (RSI) painted a different picture with higher highs. Classic case of hidden bearish divergence, which often signals that the downtrend isn’t done with us yet. 🌧️

RSI is a trusty tool to gauge whether buyers or sellers are dominating. Here, the divergence is saying, “Buyers, you’re losing control,” even though the price tries to make a feeble recovery. Hang in there, folks. 😬

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HBAR is currently in the green zone, but let’s not get too excited. It’s still down almost 13% month-over-month. This isn’t exactly the bull market we’re all waiting for, now, is it? 🐂💩

And here’s another nail in the coffin: The Chaikin Money Flow (CMF), the beloved indicator that tracks capital flow, confirms what we already know. Since October 28, CMF has been sliding down, falling below zero to -0.09. Translation? Large money is fleeing the scene. 💸💨

This isn’t a small matter – institutional investors and the big boys are getting out, leaving HBAR with a substantial selling pressure, ensuring it continues to underperform. Can we say “ouch”? 😓

Short-Term Hints: A Glimmer of Hope for HBAR?

Now, before you start crying into your coffee, there’s a tiny hint of potential relief. The 4-hour chart suggests that some short-term buyers might be stepping in. Between October 31 and November 2, HBAR’s price made a higher low, while RSI made a lower low. Hello, hidden bullish divergence! A rare sight in weak markets, but it could signal a quick rebound before the next bout of despair. 🤞

This doesn’t mean a reversal of the overall trend, though. Let’s keep our expectations grounded. If HBAR manages to close above $0.204, it could trigger a short-lived bounce toward $0.219, where the next resistance zone awaits. But don’t hold your breath. 😏

But here’s the kicker: If HBAR fails to maintain that upward movement and dips below $0.189, brace yourselves for further declines. We could be looking at $0.178, maybe even $0.168. A daily close under $0.168 would completely crush any hope of a rebound, locking in the downtrend for good. Not that anyone’s holding their breath. 🙄

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2025-11-02 22:57