Hedera Price Faces 20% Risk as Bearish Metrics Stack Up — Can HBAR Bounce Back?
Hedera's HBAR price faces a potential 20% downside risk due to a forming head-and-shoulders pattern and declining sentiment, though dip buying offers a slight chance of recovery.Summary
Hedera (HBAR) is experiencing significant downward pressure, evidenced by a drop of over 10% in the past week, capital outflows indicated by a negative Chaikin Money Flow (CMF), and falling positive sentiment reaching multi-month lows. Structurally, the price is nearing the completion of a head-and-shoulders pattern, where a daily close below the $0.102 neckline could trigger a projected 20% correction toward $0.080. This bearish outlook is compounded by sentiment data mirroring previous price declines. However, hopes for a rebound exist due to increased net outflows suggesting dip buying, and significant short liquidation exposure ($7.40 million vs. $4.28 million in longs) in perpetual markets, which could fuel a rapid upward move if the price reverses. Key levels to watch are $0.100-$0.102 for confirmation of the breakdown, and $0.112 for a potential invalidation of the bearish pattern and subsequent rally toward $0.128.
(Source：BeInCrypto)