The native token of the Hedera Hashgraph distributed ledger, HBAR, has seen its first spot inflows of $4 million in the past week, potentially indicating a breakout from its narrow trading range. However, bearish pressure remains and there is a risk of the token remaining rangebound or experiencing a drop. Despite the spot inflows, technical indicators such as the True Strength Index (TSI) and Moving Average Convergence Divergence (MACD) suggest a bearish outlook. HBAR's price has been trading between $0.33 and $0.24 since December, with the current support level at $0.28. If the support fails, the price could drop to $0.16, while sustained demand could drive the price up to $0.33.



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