HBAR Keeps Printing Bullish Divergences; Here’s Why This One Matters More

The HBAR price has declined nearly 18.5% over the past week, currently holding near the lower boundary of a falling wedge pattern active since October 10. A bullish divergence has appeared, where the price made a lower low between October 11 and November 16 while the Relative Strength Index (RSI) formed a higher low, typically signaling a potential trend reversal. However, a similar divergence failed earlier in November. This current divergence is considered more significant because the Chaikin Money Flow (CMF), which tracks large capital movements, has finally curled upward, confirming the RSI signal, unlike previous instances. Key price levels are critical: a daily close below $0.145 breaks the wedge and invalidates the divergence, while clearing $0.165 would confirm buyer interest, potentially leading toward $0.186 and an upside break of the wedge toward $0.219.

(Source：BeInCrypto)