HBAR Fails at $0.20 Again as Traders Stay Split on Direction
Hedera (HBAR) repeatedly failed to break the $0.20 resistance amid mixed trader sentiment and consolidation. Summary
Hedera (HBAR) has struggled this week, repeatedly failing to gain meaningful momentum and facing rejection at the $0.20 barrier, reflecting uncertainty among traders despite rising inflows.
The Chaikin Money Flow (CMF) indicator shows inflows outpacing outflows, suggesting growing buying activity, but this has not translated into strong price action. Concurrently, HBAR's funding rate has fluctuated, indicating indecision as market participants alternate between long and short positions, which has prevented consistent bullish momentum.
Currently trading around $0.179 after an 8% drop, HBAR failed to breach the $0.194 resistance needed to challenge $0.200. Technical signals suggest HBAR will likely consolidate between $0.175 and $0.194 in the near term, with a drop below the $0.175 support potentially leading to a decline toward $0.162.
(Source：BeInCrypto)