HBAR Price Hits Breakdown Target — Bounce Now or Another 16% Drop?
HBAR price reached its head-and-shoulders breakdown target, and weak on-chain demand suggests a potential further 16% drop if support fails.Summary
The HBAR price has recently extended its downtrend, falling about 17% over the past week, and has now met the downside target projected by a confirmed head-and-shoulders breakdown from November 13, hitting support near $0.113.
However, on-chain data indicates weak demand, with the Chaikin Money Flow (CMF) dropping to a yearly low of -0.32, signaling capital exit from Hedera (HBAR). While there was a brief period of net exchange outflows suggesting buying interest, flows have recently flipped back to net inflows, indicating that short-term buying pressure has faded and large holders remain absent.
Key price levels now determine the next move: a break below $0.113 support exposes $0.107, with a further drop to $0.095 implying another 16% decline. Conversely, any sustained recovery requires reclaiming $0.155 on a daily close; otherwise, rebounds are expected to be corrective.
(Source：BeInCrypto)