HBAR Price Risks a 28% Drop as Bear Flag Breaks, but One Outlier Offers Hope
HBAR price faces a potential 28% drop following a bear flag breakdown, though extreme negative sentiment offers a slight counter-signal.Summary
The HBAR price is showing persistent weakness, down significantly over the past month and year, and is now at risk of testing multi-month lows last seen in October 2024.
The technical analysis indicates a confirmed bear flag breakdown on the 4-hour chart, a continuation pattern suggesting a potential 28% downside move targeting the $0.068 zone, aligning with previous lows. This bearish outlook is supported by exchange flow data showing a massive 92% drop in net buying pressure, indicating buyers are not stepping in to support the price.
However, one outlier offers a glimmer of hope: HBAR's positive social sentiment has collapsed by nearly 98% to extreme lows. Historically, such sentiment troughs have preceded short-term relief rallies, although the current signal is less reliable due to the concurrent breakdown and vanishing demand. For the bearish trend to be invalidated, HBAR must reclaim $0.109, with the primary downside risk remaining active as long as it stays below this level.
(Source：BeInCrypto)