HBAR’s Downtrend Gains Speed As Dip Buyers Step Back —One Level Could Still Save the Price
HBAR price is in a downtrend, showing bearish divergence and weakening momentum, with $0.141 being the critical support level to prevent a deeper slide.Summary
The HBAR price is experiencing a significant downtrend, trading near $0.146 after dropping nearly 19% weekly and 39% quarterly. Technical indicators suggest increasing bearish control: the 12-hour RSI shows hidden bearish divergence, indicating momentum failed to follow the price's lower high. Furthermore, the daily chart shows HBAR within a falling channel, and the Money Flow Index (MFI), which tracks dip buying, has slipped below its rising trendline, suggesting buyers are retreating. If the MFI falls below 36, it confirms sellers have regained full control. The crucial support level that could save the price from a deeper slide is $0.141, which aligns with the lower boundary of the falling channel. A close below this level risks a drop to $0.134. Conversely, buyers need to reclaim $0.154 to alleviate pressure and potentially target $0.1808.
(Source：BeInCrypto)