HBAR Price Consolidation May Continue As Outflows Reach 2-Month High
HBAR struggles within a range as outflows hit 2-month high; price could fall to $0.230 if selling pressure intensifies.
HBAR has been experiencing sideways movement recently, remaining rangebound between $0.244 and $0.271.
The price has struggled to break out, largely due to mixed cues coming from both the broader market and investor sentiment. The altcoin’s inability to show decisive price action reflects uncertainty among holders.
Hedera Investors Are Selling
The Chaikin Money Flow (CMF) indicator shows that investor sentiment toward HBAR is currently bearish. The CMF has reached a two-month low, signaling that outflows are dominating the asset. This decline in the CMF suggests that many HBAR holders are selling their positions as the price consolidates, pushing investors to secure their gains.
As the price continues to range, the selling pressure has intensified, causing concern among investors. With the outflows continuing to rise, it appears that the bearish sentiment is taking hold.
HBAR CMF. Source:
TradingView
Despite the bearish trend in the CMF, the relative strength index (RSI) for HBAR remains above the neutral 50.0 mark. This indicates that, overall, the market sentiment is still somewhat bullish, with positive broader market cues supporting the altcoin. While investor behavior has been leaning toward selling, the RSI suggests there is still potential for upward movement.
The market momentum for HBAR is largely influenced by external factors, with the altcoin being supported by the overall trend in the cryptocurrency market. As long as the RSI remains above the neutral threshold, there is still a chance for HBAR to break out.
HBAR RSI. Source:
TradingView
HBAR Price Is Stuck
HBAR’s price is currently at $0.251, trapped within the range of $0.244 to $0.271. The mixed market cues, including the bearish CMF and the relatively neutral RSI, suggest that HBAR could continue consolidating.
This sideways movement is expected to persist unless there is a major shift in investor sentiment or a market catalyst that could push the altcoin in either direction.
HBAR Price Analysis. Source:
TradingView
If outflows intensify and HBAR falls below its $0.244 support level, the bearish case could become more likely. In such a scenario, the price may drop further to $0.230, invalidating the current bullish-neutral outlook and signaling a deeper correction for HBAR.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The S&P 500 ends its longest calm period in over six years, falling more than 1% for the first time in 53 trading days as AI trading loses momentum
The main reason for the decline in US stocks on Wednesday was the combination of higher-than-expected US September CPI and AI credit risk shocks. This downturn was particularly unfavorable for quantitative funds, as these funds have continued to increase their positions during a period of extremely low volatility, and the breaking of the calm period triggered adjustment pressure on their holdings. Currently, the decline remains moderate, with the VIX hovering around 17, below the typical 20 threshold indicating market stress.
Australia Unemployment Rate set to remain at a five-year high of 4.6% in September
Blackstone's AirTrunk Postpones $1.5 Billion REIT IPO: Yield Raised to 6% but No Takers, AI Infrastructure Financing Faces 5.2% US Treasury Yield
AirTrunk, a data center operator under Blackstone, has decided to postpone the listing of its $1.5 billion Singapore Real Estate Investment Trust (REIT) to the first or second quarter of 2027. Rising U.S. Treasury yields and increased market volatility have made investors more cautious; even raising the yield from 5.5% to around 6% has not boosted demand. High capital costs are becoming a major constraint on the expansion of AI infrastructure.
Crypto prices
More
