HBAR Price Continues To Survive, Holds Above Month-Long Support

Hedera's native token, HBAR, is demonstrating resilience by maintaining a crucial support level above $0.162, despite repeated market crashes and bearish sentiment. Technical indicators, however, suggest continued pressure. The Chaikin Money Flow (CMF) indicator remains below zero, indicating that selling pressure (outflows) still outweighs buying interest (inflows). Similarly, the Relative Strength Index (RSI) is below the neutral 50.0 mark, signaling a lack of upward momentum. At the time of writing, HBAR trades around $0.174, just under the $0.175 resistance. The token is expected to consolidate above its established support unless broader market conditions improve and inflows significantly increase. A successful flip of the $0.175 resistance could initiate a rally toward $0.194 and potentially challenge the $0.200 mark.

(Source：BeInCrypto)