Hedera’s native token, $HBAR, has struggled to stage a convincing recovery in recent weeks, with its price movement reflecting waning investor enthusiasm.
However, improving market sentiment suggests that $HBAR could still find support if bullish momentum strengthens in the near term.
Hedera Investors Are Losing Faith
The Chaikin Money Flow (CMF), a key indicator of capital inflows and outflows, is showing a noticeable downtick. This decline signals that investor interest in $HBAR is fading, with fewer funds moving into the asset.
As inflows weaken, confidence among traders appears to be eroding, leading to a slowdown in accumulation. This growing caution has made it difficult for $HBAR to sustain any short-term rallies. Such a shift would likely weigh heavily on $HBAR’s price and delay its efforts to recover from recent losses.
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From a technical perspective, $HBAR’s macro momentum presents a mixed outlook. The Moving Average Convergence Divergence (MACD) indicator is showing early signs of improvement, hinting that bullish momentum may be building. The MACD line is nearing a potential crossover above the signal line — a key event often viewed as a precursor to short-term price recovery.
If the MACD confirms this bullish crossover, it could attract renewed buying activity and strengthen $HBAR’s recovery outlook. However, until this crossover materializes, cautious optimism is warranted as volatility remains elevated.
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$HBAR Price Can Reach $0.20
At press time, $HBAR trades at $0.170, just below the key resistance at $0.178. These conflicting technical signals point to an indecisive market. While short-term traders may continue to accumulate near current levels, broader participation remains limited.
If momentum strengthens, $HBAR could breach the $0.178 barrier and aim for a move toward $0.200 — a 17.25% increase from its current price. Reclaiming this psychological threshold is vital for confirming a sustained recovery and restoring bullish conviction among investors.
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Conversely, if $HBAR fails to surpass $0.178, the price could fall back to the $0.162 support zone. A breakdown below this level might send the token toward $0.154, undermining the bullish outlook and signaling further downside risk.
The post $HBAR Price’s Recovery To $0.20 Could Be Marred By Weak Inflows appeared first on BeInCrypto.
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