HBAR Price Rebound Finds Big Money Support, But One Hurdle to a Rally Still Remains
HBAR shows strong buying support but faces a key hurdle at $0.155 to confirm a sustained rally.Summary
Hedera (HBAR) has recently rebounded over 13% in 24 hours, though it remains down 18% monthly. The price action is contained within a triangle pattern, with two key indicators suggesting cautious optimism. The Chaikin Money Flow (CMF) shows increasing strength from large wallets, signaling solid underlying support. However, the Relative Strength Index (RSI) displays a hidden bearish divergence, suggesting momentum might be lagging price action.
The critical factor determining the next move is the $0.155 level. A daily close above this price would invalidate the bearish RSI divergence and confirm that buyer demand is strong enough to break the triangle's ceiling, potentially leading to a rally toward $0.180. If HBAR fails to break out and stalls, the immediate support level to watch is $0.142, with a drop below it potentially leading to $0.130.
(Source：BeInCrypto)