Selling Pressure on HBAR Price Continues: What are the Critical Levels for Recovery?

Hedera (HBAR) is once again under selling pressure despite a brief rise at the beginning of the week. Although it attracted attention with a 13% increase, this momentum could not be sustained and the token is currently trading at $0.169. Technical indicators and investor behavior reveal significant obstacles to recovery in the short term.

Investor Confidence is Weak, Market is Under Pressure

The weak outlook in the market is also reflected in the Chaikin Money Flow (CMF) indicator. The CMF is currently below the zero level and continues to remain in negative territory. This situation indicates that capital outflows from the market are increasing and that investors are losing confidence in HBAR. Insufficient entries show that there is no necessary support to create a sustainable recovery in price.

Squeeze Momentum Indicator is signaling volatility

The Squeeze Momentum Indicator (SMI), which provides important clues about HBAR's short-term price movements, gave a squeeze signal (black dots) in the last 48 hours. This indicates that volatility may increase soon. If the indicator bars turn green, it may indicate an upward momentum shift and a potential bullish move. However, if the bars remain red, it means that selling pressure may continue and new low levels could be tested.

Price Outlook: Support and Resistance Levels

Current Price: $0.169

Short-Term Support: $0.163

Next Support: $0.154

Resistance Level: $0.172

Upside Target: $0.180 – $0.188

The HBAR price has lost approximately 4% in the last 24 hours. If the current support level of $0.163 cannot be maintained, selling may accelerate and the price could decline to $0.154.

In contrast, if buying interest revives and HBAR rises above the $0.172 level, market sentiment may change. If sustainability is achieved above this level, it may be possible for the price to first target $0.180 and then $0.188. Such a move could be seen as a significant sign that the current downtrend has ended.

Conclusion: Seeking Balance at Critical Thresholds

The current technical outlook for HBAR indicates short-term challenges. Particularly, the decrease in investor confidence and the technical indicators remaining in negative territory show that pressure continues. However, the potential volatility indicated by the Squeeze Momentum Indicator may provide an opportunity for a directional change. Breakouts above $0.172 may produce strong signals that the trend could reverse, while downward breakouts could open the door to deeper losses.

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