Hedera (HBAR) is struggling to maintain its bullish momentum despite recent recovery attempts. Altcoin faces an increase in bear pressure, leading to long-term drawdowns.
The current issue is whether the decline can be further expanded as technical indicators show potential debilitating over the coming weeks.
Hedera notes the influx
Chaikin Money Flow (CMF) suggests that investors are still interested in HBAR, with the indicator heading upwards. This reflects fresh capital inflows into assets despite market uncertainty. The rise in CMFs often indicates that buyers are trying to counter wider sales pressures in the market.
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Rob Allen, director of Heat at Hashgraph, said the crypto sector is heading towards “an explosion of digital currencies and use cases that support them.” His outlook highlights optimism about the long-term potential of HBAR.
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Hbar’s long-term momentum appears to be vulnerable as the exponential moving average (EMA) converges. After almost two months of bullish crossover, the gap between the 50-day EMA and the 200-day EMA is now narrowing again. This shift could indicate that the general uptrend is weakening under new bear pressures.
When the 200-day EMA moves beyond the 50-day EMA, the HBAR enters the Cross of Death. Such developments could drive sales pressure. Hedera’s market structure remains vulnerable as bullish crossovers are at risk of ending.
Hbar prices may be tough
The HBAR prices are currently trading at $0.215 within a descending wedge pattern. Just above support is $0.213, struggling to break the $0.219 resistance. Wedges often resolve positively, but the critical breakout remains far away, with the important barrier standing near $0.230.
Given current sentiment and technical indicators, HBAR could keep the range under $0.230. If the price is above $0.219, but the wider resistance and momentum are limited, you can integrate Altcoin.
If the bear signal should be enhanced, the HBAR risks slipping support at $0.205. Breaking this level completely disables the bullish setup and opens the pass to $0.198. Such a move could boost investor attention and increase Hedera’s short-term volatility.
