Hedera’s local token Hbar invalidated the bull flag formation with a sharp decline of 26 %this month. This movement delayed the expectations of investors’ highest level of all -time (AC) expectations. The market uncertainty in the past weeks has led to the fact that the price of HBAR could not rise as desired and the expectations of investors were not met. The general decline tendency of the market weakened the possibility of HBAR’s recovery, while the traders began to be cautious in the short term. The only question in the minds of investors: Will Hbar sail towards new summits?
Hbar traders take positions against decline
Recently, HBAR’s funding rate is fluctuating between positive and negative levels. This fluctuation shows that traders are undecided about the future price direction of the token. In the uncertainty environment, many trades prefer to benefit from volatility in the short term instead of long -term positions.
The unstable funding rate indicates that market confidence is weak. The hesitation of traders in long positions can make it difficult for Hbar to win my momentum. Unless there is a strong change in investor sensitivity, price movements may be difficult to predict. In this case, HBAR may continue to test support levels.
Critical support levels
HBAR’s relative power index (RSI) fell below the 50.0 level to reach the lowest level of three months. RSI’s downward movement points to the decline in the market’s interest in the market, which is a warning that the price may further decline. If the HBAR continues to remain below this critical level, the token may face more sales pressure. Currently, the price of HBAR is facing a critical support at $ 0.25. If this support level is broken, the price is possible to decline to $ 0.182. However, if he manages to hold on above $ 0.25, there may be a chance to recover. Exceeding the $ 0.33 level can re -provide investor confidence and support the long -term rise appearance.
Hbar continues to maintain its potential despite the challenging conditions on the market. The close monitoring of these critical levels by traders will be important in terms of correctly evaluating future price movements.
