HBAR’s Plunge? Hold Your Horses! 🤠

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Now, HBAR’s been takin’ a bit of a tumble – down ‘bout 6% in the last day, and not lookin’ too rosy with this whole market bein’ weaker than a kitten. But hold on to yer hats, folks! Seems there’s a few curious little signs appearin’ that suggest this ain’t a straight shot to the bottom of the well.

If the market decides to behave itself, HBAR might just be the first to perk up, ‘specially if it can defend a certain price support – we’ll get to that presently. It’s like a gambler’s last, faint hope, see? 🧐

Diggin’ for Gold Beneath the Dirt

This HBAR’s been wanderin’ in a bit of a funnel-shaped pattern since September, a ‘fallin’ wedge,’ they call it. It’s usually a sign that the sellers are gettin’ tired out. Now, around November 21st, we saw the first flicker of this change.

First off, let’s talk about how folks are buyin’ and sellin’. They use a fancy system with colors – red for sellers holdin’ the reins, yellow when they’re gainin’ ground, blue when buyers start to stir, and green when buyers are callin’ the shots.

HBAR peaked on November 23rd and dropped a good 15%. But, wouldn’t ya know it, the colors started shiftin’ from angry red to a mix of yellow and blue. That, my friends, is a classic sign of sellers breathin’ heavy and a bit of a tug-o-war beginnin’. Last time we saw this spectacle – back in October – HBAR shot up a good 41% right after! 💰

Want more of these fancy token insights? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. It’s cheaper than a fortune teller, I reckon.

Secondly, there’s this thing called the MFI (Money Flow Index). It measures how much money’s flowin’ in and out. Now, between November 23rd and December 1st, the HBAR price kept fallin’, but the MFI started climbin’! That means folks are quietly buyin’ when the price dips. We saw the same thing happen back in October, and sure enough, HBAR jumped 33% when it was all said and done! 📈

And finally, folks are still buyin’ HBAR through these spot ETFs. The Canary HBAR Spot ETF’s been seein’ an average weekly inflow of money, totalin’ over $80 million in the last five weeks! Which means, despite the price droppin’, people still believe. 🤔

Taken together, these three clues – the shifty volume, quiet buyin’, and plenty of ETF action – suggest that somebody’s gatherin’ up HBAR while it’s on sale. Like a fella stockin’ up on beans before a long winter.

Where the Bottom Might Be

Now, that lower boundary of the wedge – ‘round $0.122 – that’s the key. If HBAR can hold that, there’s still a chance for a rebound. But if it falls through, well, you’re lookin’ at a tumble down to ‘round $0.079. Then we’ll be talkin’ a real mess. 😬

To really show some backbone, HBAR needs to push past $0.140. That’d show the buyers are takin’ charge. If they do that, then the next stop is $0.155. And if the whole crypto market decides to be friendly, this thing could climb all the way to $0.169, or even $0.182! Now wouldn’t that be somethin’?

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2025-12-01 11:17