HBAR is down virtually 31% over the previous month, even after posting a pointy 27% rebound between November 21 and 23. That bounce nonetheless retains about 11% of features on the weekly chart, however the transfer has stalled once more.
The token has spent virtually a full week buying and selling between two shut worth ranges, and that tight vary now seems to be prepared to interrupt. Key indicators at the moment are flashing. Nonetheless, the alerts counsel that the break may not favor the bulls.
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Momentum Alerts Flip In opposition to Hedera
HBAR’s momentum weakened proper after the rebound. Between November 23 and November 26, the value fashioned a decrease excessive whereas the RSI made the next excessive.
The RSI, or Relative Power Index, measures momentum. When momentum rises, however the chart prints a decrease excessive, it creates a hidden bearish divergence, which frequently alerts that the downtrend can proceed.
HBAR Faces A Bearish Danger: TradingView
HBAR’s broader development nonetheless exhibits a 31% drop over the previous month, so the setup matches the sample.
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Quantity information factors the identical method. OBV, or On-Steadiness Quantity, tracks whether or not actual consumers or sellers dominate.
HBAR’s OBV stays caught beneath a descending trendline, and between November 25 and 28, the value made the next low, however OBV made a decrease low.
It is a bearish divergence, indicating fading purchaser power, even because the candles try and stabilize. So long as OBV trades beneath the trendline, stress stays on the draw back.
Each divergences reinforce one another. They clarify why the rebound from November 21 to 23 couldn’t construct follow-through and why the present vary seems to be unstable.
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With momentum fading and purchaser stress weakening on the identical time, the market could attempt to prolong the earlier downtrend.
HBAR Worth Ranges: One Vary, Two Outcomes
The HBAR worth has been transferring between $0.151 on the upside and $0.140 on the draw back for nearly every week. That’s the identical tight vary talked about earlier.
Momentum alerts now present that this vary is near breaking.
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If $0.140 provides method, the chart opens a transfer towards $0.122, which is the newest help zone. A clear candle shut under $0.140 confirms the breakdown and wipes out what stays of the weekly rebound.
For the bearish setup to fail, your entire construction should shift. OBV wants to interrupt above its descending trendline in order that purchaser stress returns.
On the identical time, HBAR should shut above $0.151, a stage it has not crossed since November 16.
Till these situations are met, the HBAR worth stays in danger. The vary could not maintain if the broader market weakens once more, and the following transfer may come shortly as soon as the $0.140 line breaks or holds.
