HBAR has been showing signs of strength over the past few weeks, steadily climbing and reaching months’ highs.
However, AltCoin is just below the key resistance level. The market remains split as investors’ optimism clashes with saturation and growing concerns about profit acquisition.
HBAR traders are bullish
Traders look bullish in HBAR, as evidenced by the consistent aggressiveness of their funding rates. For over a month, this rate remained green. Twice this week, fundraising rates have skyrocketed, informing us of the long position control.
This shows that traders are betting on continued profits and have opened long, aggressively leveraged contracts.
Such behavior is usually consistent with market confidence. These investors are hoping to see HBAR prices rise and are trying to secure profits ahead of potential breakouts. However, optimism can mark rally peaks, which can bring attention from other segments of the market.
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A key technical indicator, Chaikin Money Flow (CMF), draws more carefully. Currently, the CMF is looking at macro dips, but still retained above the neutral zero line. This suggests that while inflows are present, the outflow is beginning to grow, indicating that some investors are withdrawing their positions.
The change illustrates concerns about rally sustainability. As HBAR approaches the saturation point, many holders have chosen to secure profits. These conflicting actions from short-term traders and long-term investors keep HBAR a tug of war and limit its momentum.
Hbar prices could fall back
The HBAR priced at $0.26 and is hovering just under the main resistance of $0.27. Mixed signals from both the funding rate and the CMF suggest that no critical movement has yet to form. For now, HBAR could remain bound to range unless one side gains an advantage.
Once the consolidation continues and investors regain confidence, Altcoin could break past $0.27. This opens the door, tests the $0.30 mark, gives traders a psychological boost and strengthens bullish emotions.
However, if sales are strengthened and investors turn risk aversion, HBAR could return to support levels at $0.24. Violating this level marks an additional downside, potentially reducing the price to $0.22, negating short-term bullish cases.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
