$HBAR Indicates Bullish Divergence, But Weak Fundamentals Still Haunt the Rally
HBAR, the native token of Hedera, shows signs of life after weeks of moving sideways, but not everything behind the scenes looks healthy. A clear RSI divergence, rising funding rates, and a rare CMF crossover into positive territory signal a potential breakout.
Price Approaching Breakout with RSI Divergence
HBAR is trading just below a downward trendline that stretches from the March peak to the current structure. The token is now just below resistance at US$0.162, a level that has been tested three times in the past week but has not yet been breached.
What strengthens the bullish case here is the classic RSI divergence. While price action has remained mostly flat or slightly down since mid-June, the Relative Strength Index (RSI) has made higher lows. The gap between momentum and price usually indicates potential breakout
If a breakout is confirmed above US$0.162, the next resistance is near US$0.178, followed by US$0.217. However, rejection here could pull HBAR price back to support at US$0.143, especially if development activity continues to stagnate.
