HBAR Price Fell 11% After Failed Breakout, But Investors Have Not Given Up
Despite an 11% weekly drop following a failed breakout, HBAR shows signs of renewed investor accumulation and weakening bearish pressure.Summary
The price of HBAR fell by 11% this week after failing to break out of its three-week consolidation range between $0.130 and $0.150. However, investor confidence appears intact, evidenced by the Chaikin Money Flow (CMF) indicator moving back into positive territory, signaling fresh capital inflows into Hedera.
The Squeeze Momentum indicator suggests that bearish pressure is weakening and a bullish crossover is approaching, which could lead to a volatility-driven breakout if momentum shifts positively. If this bullish setup materializes, HBAR could break above $0.150 toward $0.162. Conversely, if bullish momentum fails, continued consolidation or a drop below the $0.130 support level to $0.125 would invalidate the current optimistic outlook.
(Source：BeInCrypto)