Hedera’s native token HBAR, darling, is sulking below the $0.2155 barrier and failing to woo it, drifting about like a shy debutante in a dimly lit ballroom. The market yawns at the new month, and so does our little speculative flame.
With momentum waning faster than a curtain call, the altcoin risks drifting to a three-month low. 😏
HBAR Bears Tighten Grip
Since September, HBAR’s price has tried and failed to breach the $0.2155 resistance, which has now settled into a rather polished short-term ceiling. The failure to flirt past this level signals buyer exhaustion and strengthens the case for a bearish little breakdown, darling. 🧐
On the daily chart, HBAR’s Chaikin Money is poised to slip below zero, a gesture that would confirm growing sell-side pressure. 💅
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The CMF indicator tracks capital inflows and outflows and serves as a key measure of whether buying or selling is dominant. When it trends downward and is poised to break below zero, it signals that selling activity outweighs accumulation, putting HBAR at risk of a breakout below its current narrow range. 😬
Additionally, HBAR continues to trade below its 20-day Exponential Moving Average (EMA), suggesting that downward pressure could remain dominant in the near term. At press time, this key moving average is $0.2230, forming dynamic resistance above the altcoin. 💼
The 20-day EMA measures an asset’s average price over the past 20 trading days, giving more weight to recent prices. Trading below this level indicates that sellers are in control, and price rallies may struggle to maintain momentum. 🕰️
This supports the bearish case against HBAR and highlights why any attempt at recovery could be short-lived. 😅
Three-Month Low Looms as HBAR Bears Gain Ground
If bearish momentum intensifies and HBAR breaks under $0.2074, the altcoin risks sliding toward its next significant support level, currently at the three-month low of $0.1944. 🧊
However, if HBAR holds above its immediate support, it could prevent a deeper retracement. The token could then stage a rebound toward the $0.2155 resistance zone. A decisive break above this barrier may open the door for a rally toward $0.2366. 🚪💨
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2025-10-01 15:30