Despite the highly uncertain cryptocurrency market, Hedera (HBAR) has struggled to gain momentum in recent weeks. The price of HBAR has remained range-bound, causing ambiguity and caution among investors. The Chaikin Money Flow (CMF) indicates that capital outflows continue to exceed inflows, highlighting investor hesitation. The altcoin's inability to generate bullish momentum has kept it trapped in consolidation, further weakening its position. The Relative Strength Index (RSI) has been steadily declining, confirming bearish sentiment. The lack of volatility and consolidation have contributed to growing uncertainty. If current indicators persist, HBAR risks losing its support level and potentially falling further. However, a shift in market sentiment could lead to a more optimistic scenario with a potential rally.
- Content Editor ( beincrypto.com )
- 2025-01-11
40% Increase to 2024 High Looks Doubtful for HBAR: Here’s Why