HBAR Price Continues To Survive, Holds Above Month-Long Support

Hedera’s native token, HBAR, has shown remarkable resilience despite enduring repeated market crashes and failed recovery attempts. The altcoin continues to hold above a key support level, maintaining investor confidence even as bearish market sentiment persists. However, questions remain about how long HBAR can sustain this stability. Hedera Needs Stronger Market Support The Chaikin Money Flow (CMF) indicator shows HBAR sitting in the bearish zone below the zero line, reflecting ongoing outflows. Although there has been a modest uptick recently, inflows are still insufficient to reverse the trend. This suggests that sellers maintain control of the market. Until consistent inflows surpass outflows, the HBAR price will likely remain under pressure. The gradual increase in inflows indicates that investor interest is slowly returning, but it is not yet strong enough to dictate price direction. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. HBAR CMF. Source: TradingView The Relative Strength Index (RSI) reinforces this bearish sentiment. Currently positioned below the neutral 50.0 mark, the RSI signals that market conditions are not favorable for recovery. The lack of upward momentum reflects broader market weakness and hesitancy among traders to re-enter bullish positions. This bearish momentum poses a challenge for HBAR’s price performance. Without support from the overall market, any potential bounce could be limited or short-lived. For HBAR to regain strength, the RSI must rise toward neutral levels. HBAR RSI. Source: TradingView HBAR Price May Remain Consolidated HBAR is trading at $0.174 at the time of writing, hovering just below the $0.175 resistance level. Despite several setbacks, the token has managed to hold above its critical $0.162 support level, showcasing its resilience. This support has been pivotal for HBAR over the past month, preventing a deeper decline toward $0.154. Even under current bearish conditions, the token will likely continue consolidating above this zone, providing a stable base for potential recovery. HBAR Price Analysis. Source: TradingView If broader market conditions improve and inflows strengthen, HBAR could flip the $0.175 resistance into support. This could trigger a rally toward $0.194, paving the way for another attempt to breach $0.200 and potentially invalidate the bearish thesis. The post HBAR Price Continues To Survive, Holds Above Month-Long Support appeared first on BeInCrypto.