⚠️ $HBAR – Bearish signals are increasing amid weak momentum
HBAR is trading at $0.25111 (+2.61%), but behind this slight rise, bearish technical patterns are forming, indicating the likelihood of continued selling pressure.
📉 Technical indicators:
- A bearish flag pattern is developing on the daily chart
- RSI is in the neutral to low range, reflecting weak buying
- MACD is approaching a negative crossover, reinforcing the bearish outlook
- BBTrend has decreased from 11.99 to 5.84, indicating a decline in trend strength
🐋 On-chain data:
- Exchange balances are rising, indicating a readiness to sell
- Wallet growth is slowing down, and whales are quietly distributing
- Trading flows are shifting from negative to neutral, reflecting weak demand
📊 Critical levels:
- The price is pressing on support at $0.24, and breaking it could open the way for a decline towards $0.22
- A Death Cross looms on the 4-hour timeframe, warning of a potential negative reversal
📌 Conclusion: The overall trend for HBAR is leaning bearish, with technical and behavioral signals confirming weak momentum. Risk management is essential, and focusing on support levels and flows is crucial at this stage.
Follow the analysis on the channel: #CryptoEmad