CandleFocus

HBAR Struggles to Break $0.40 Barrier, Returns to Familiar Trading Range

The cryptocurrency HBAR has been struggling to maintain upward momentum and has declined to $0.30 after failing to breach the $0.40 resistance level. The Chaikin Money Flow indicator suggests limited new capital entering HBAR, indicating investor skepticism. HBAR holders are hesitant to invest until it successfully breaks the $0.40 resistance, reflecting broader market uncertainty. The correlation between HBAR and Bitcoin has weakened, potentially isolating HBAR from market-wide gains. HBAR has fallen back into a consolidation range and is at risk of dropping further without strong inflows. However, reclaiming $0.33 as support or breaching the $0.40 resistance could lead to a bullish comeback for HBAR.

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