HBAR Drops 6% as Market Weakens, Yet 3 Early Rebound Clues Appear
Despite a 6% drop, HBAR shows three early rebound clues suggesting potential recovery if the broader market stabilizes.Summary
HBAR's price has fallen about 6% over 24 hours, underperforming a weak crypto market, while trading within a broad falling wedge pattern since early September. However, three early rebound clues suggest potential accumulation: first, volume behavior is shifting from heavy red (sellers) to a yellow/blue blend (seller exhaustion/tug-of-war), similar to a period preceding a 41% climb in October. Second, the Money Flow Index (MFI) shows higher highs while price makes lower highs, indicating dips are being bought, mirroring a pattern that preceded a 33% jump previously. Third, the Canary HBAR Spot ETF continues to see positive weekly inflows, showing sustained broader demand.
The key support level for HBAR is the wedge's lower boundary near $0.122; holding this sustains the rebound case, while falling below exposes a major zone near $0.079. For strength, HBAR must reclaim $0.140, which would signal buyers overpowering sellers, with subsequent targets at $0.155 and potentially higher if the overall crypto market improves.
(Source：BeInCrypto)