HBAR Shows Partial Recovery but Uncertainty Continues

HBAR has risen by approximately 12% this week, managing to partially recover from the sharp decline of 25.8% experienced in mid-June. However, despite this price increase, investor confidence still appears fragile. The sharp drop in Open Positions (OI) and mixed signals in technical indicators show that uncertainty about the market direction continues.

Investor Confidence Weak: $80 Million Drop in Open Positions

In the last two weeks, HBAR's Open Positions have decreased from $272 million to $194 million, resulting in a drop of approximately $80 million. This development reveals that investors are inclined to avoid risk and that the market is still cautious.

This decline in open positions indicates investors' reluctance to open new positions on HBAR or maintain their existing positions. This situation shows that, despite short-term recoveries in prices, market confidence has not been fully reestablished.

CMF is Increasing but No Complete Reversal Signal

The Chaikin Money Flow (CMF) indicator has shown an upward trend this week, signaling an increase in capital inflows. This technical signal gives a positive impression that renewed interest has emerged in the market, albeit limited.

However, CMF has not yet crossed above the zero line, indicating that buying pressure has not completely suppressed selling pressure. Therefore, the current bullish signals should be seen as a limited recovery effort rather than a strong and confirmed market reversal.

Price Targets and Critical Levels

HBAR is currently trading at around $0.149 and is quite close to the resistance at $0.154. This level stands out as a critical threshold that will determine the direction of the altcoin in the short term.

If the resistance at $0.154 is broken and this level is turned into support, the next price target could be $0.163.

On the other hand, if momentum remains weak, it is likely that HBAR will continue its horizontal movement in the range of $0.145 - $0.154.

The loss of support may trigger renewed downward pressure and could cause the price to stagnate in the short term.

Conclusion: Despite Short-Term Gains, Recovery is Fragile

Although HBAR is trying to compensate for its losses in June to some extent, the market is still indecisive and investor confidence is weak. While technical indicators signal recovery, clearer movements are needed to confirm a strong bullish reversal.

In the short term, exceeding the $0.154 level could open the door for a recovery for HBAR. However, it is beneficial for investors to remain cautious due to the decline in OI and weak volume structure.


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