HBAR Has One Bullish Play Left — Is It Enough to Avoid a 13% Breakdown?
HBAR is near critical support at $0.12, facing downside risk, but a bullish RSI divergence offers a potential reversal signal.Summary
HBAR price is under pressure, down nearly 2% in 24 hours and hovering near the critical $0.12 support level, which risks a 12% to 13% breakdown toward $0.10.
The bearish setup is strengthened by the Chaikin Money Flow (CMF) indicator, which has dropped sharply into negative territory since December 7, indicating large holders ("big money") are distributing the asset, confirmed by a bearish divergence between price highs and CMF lows since October.
However, the token's only remaining bullish signal is a classic bullish divergence on the Relative Strength Index (RSI) between November 21 and December 14, suggesting selling momentum is weakening. The final outcome depends on price action: a decisive break below $0.12 confirms the breakdown, while reclaiming $0.13 is necessary to stabilize and potentially shift the structure from bearish to neutral.
(Source：BeInCrypto)