HBAR Price Breakout Above $0.40 Has Been Pushed to 2025
- HBAR’s price remains in a month-long consolidation, trading between $0.40 and $0.25, with inflows declining and outflows dominating.
- RSI signals rising bearish pressure but remains above 50, leaving room for potential recovery if market conditions improve.
- Losing $0.25 support risks a drop to $0.18, while breaking $0.40 resistance would require significant bullish momentum.
Hedera Hashgraph (HBAR) has been stuck in a consolidation phase for the past month, preventing the altcoin from breaking out and achieving higher gains.
While its bullish momentum remains intact, declining investor interest and reduced market activity are emerging as potential concerns for HBAR’s future trajectory.
Hedera Hashgraph Has A Shot
The Chaikin Money Flow (CMF) indicator reveals that inflows for HBAR have declined significantly, with outflows now dominating the asset. This shift signals that investors are pulling money out, likely due to uncertainty surrounding HBAR’s price action and its ability to sustain upward momentum.
These outflows underscore growing caution among market participants, potentially stalling any near-term rally. Without stronger inflows and renewed investor confidence, HBAR’s price may continue to hover within its current range, delaying any breakout opportunities.
Hedera’s macro momentum shows signs of rising bearish pressure. The Relative Strength Index (RSI) has been moving downward, reflecting a gradual increase in bearish momentum. However, the RSI remains above the neutral line of 50.0, suggesting that bearish control has not yet fully taken hold.
This positioning leaves room for HBAR to attempt another rise if market conditions improve. The lack of a decisive move into bearish territory indicates that the altcoin could still regain strength, provided it receives sufficient buying support from investors.
HBAR Price Prediction: Consolidation Continues
HBAR has been consolidating for an entire month, with its price currently trading at $0.28. Stuck within the $0.40 to $0.25 range, the altcoin shows no immediate signs of breaking out, reflecting the broader uncertainty in the market.
Mixed signals from market indicators suggest that HBAR could continue its consolidation phase well into 2025. This prolonged stagnation would require significant bullish cues to trigger a breakout and restore investor confidence in the altcoin’s upward potential.
However, if investors begin selling to secure gains, HBAR could lose the critical $0.25 support level. Such a decline would invalidate the bullish outlook, potentially pushing the altcoin down to $0.18 and deepening market skepticism.
eToro
Explore
Coinrule
Explore
Uphold
Explore
Coinbase
Explore
Chain GPT
Explore
eToro
Coinrule
Uphold
Coinbase
Chain GPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10