Hedera (HBAR) is struggling to escape a sustained two-month downtrend, weakening price action despite previous signs of recovery.
Altcoin tried to stage a breakout but was unable to maintain its upward momentum. At the current level, investors are becoming increasingly cautious as bullish sentiment fades, and HBAR is exposed to negative side risk.
Hedera loses bullish
The squeeze release momentum indicator previously showed a bullish push for the HBAR, allowing for a short-lived price lift. However, this strength is declining, suggesting that Altcoin lacks the sustained momentum it needs to reverse the ongoing trend. Without updated influx, HBAR could remain vulnerable in the short term.
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In addition to concerns, the declining squeeze release indicates that investors may be losing confidence in their ability to maintain Hedera’s upward movement. This shift could discourage speculative buyers, put assets under more sales pressure, and further strengthen the already working bearish trajectory.
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On the macro side, the relative strength index (RSI) is sliding towards the neutral 50.0 mark, highlighting weakened bull control. Below this threshold, HBAR bearishness can be seen and trigger additional sales.
If the market situation remains at a disadvantage, RSI can expand deeply into negative territory and exacerbate investor skepticism. These movements often show momentum fatigue and have little room for short-term recovery.
HBAR Price continues to struggle under bearish pressure, which is currently trading at $0.237. A long two-month downtrend increases the risk of further declines, and if weakness continues, the token can slip to $0.230.
Not strong enough, it is rare for Hedera to violate $0.248 in a direct period. Without a strong reversal, HBAR can maintain a cap under $0.242 and integrate within a narrow range that supports negative side risk over recovery.
However, this trajectory could change as a result of improvements in the overall crypto market situation. If HBAR supports $0.242 and flips, it could rise to more than $0.248. This will invalidate bearish papers and allow prospects to resume for stronger rebounds.
