HBAR is currently facing notable selling pressure, as indicated by its Chaikin Money Flow (CMF) reading on the daily chart. The CMF is sitting at -0.07 and trending downward, signaling that more money is flowing out of the asset than into it.
For those unfamiliar, the CMF measures buying and selling pressure by combining price and volume data over a given period. A positive CMF reading suggests strong buying interest, while a negative value points to dominant selling activity.
In HBAR’s case, the negative CMF confirms traders are exiting positions, which adds to the bearish momentum. This persistent outflow of capital could push the price below the lower boundary of its current trading range, potentially signaling further downside ahead.
