HBAR Price Walks a Tightrope Between Sellers and Buyers — Can Whales Tip the Balance?
HBAR's price is range-bound as technical indicators conflict, while on-chain data suggests whales are accumulating.Summary
The HBAR price is currently in a tight range, reflecting a struggle between buyers and sellers, despite a recent monthly decline of about 21%. Technical analysis shows conflicting signals: a bearish crossover is forming between the 100-day and 200-day EMAs, suggesting weakening momentum, yet a bullish divergence on the RSI indicates slowing selling pressure.
On-chain data, however, points toward potential buying from large investors (whales). The Chaikin Money Flow (CMF) has been rising even as the price dipped, signaling capital inflow and accumulation against short-term selling.
The key range for HBAR is between $0.16 and $0.20. If whales continue accumulating and CMF stays positive, HBAR could push toward $0.20; however, a failure to hold $0.16 could expose the $0.14 support level.
(Source：BeInCrypto)