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HBAR Price Breakout Above $0.40 Has Been Pushed to 2025

HBAR Price Breakout Above $0.40 Has Been Pushed to 2025

BeInCryptoBeInCrypto2024/12/29 07:30
By:Aaryamann Shrivastava

Hedera Hashgraph struggles with consolidation as outflows rise and RSI trends downward. Key levels at $0.25 and $0.40 define its path forward.

Hedera Hashgraph (HBAR) has been stuck in a consolidation phase for the past month, preventing the altcoin from breaking out and achieving higher gains. 

While its bullish momentum remains intact, declining investor interest and reduced market activity are emerging as potential concerns for HBAR’s future trajectory.  

Hedera Hashgraph Has A Shot

The Chaikin Money Flow (CMF) indicator reveals that inflows for HBAR have declined significantly, with outflows now dominating the asset. This shift signals that investors are pulling money out, likely due to uncertainty surrounding HBAR’s price action and its ability to sustain upward momentum.  

These outflows underscore growing caution among market participants, potentially stalling any near-term rally. Without stronger inflows and renewed investor confidence, HBAR’s price may continue to hover within its current range, delaying any breakout opportunities. 

HBAR Price Breakout Above $0.40 Has Been Pushed to 2025 image 0HBAR CMF. Source:  TradingView

Hedera’s macro momentum shows signs of rising bearish pressure. The Relative Strength Index (RSI) has been moving downward, reflecting a gradual increase in bearish momentum. However, the RSI remains above the neutral line of 50.0, suggesting that bearish control has not yet fully taken hold.  

This positioning leaves room for HBAR to attempt another rise if market conditions improve. The lack of a decisive move into bearish territory indicates that the altcoin could still regain strength, provided it receives sufficient buying support from investors.  

HBAR Price Breakout Above $0.40 Has Been Pushed to 2025 image 1HBAR RSI. Source:  TradingView

HBAR Price Prediction: Consolidation Continues

HBAR has been consolidating for an entire month, with its price currently trading at $0.28. Stuck within the $0.40 to $0.25 range, the altcoin shows no immediate signs of breaking out, reflecting the broader uncertainty in the market. 

Mixed signals from market indicators suggest that HBAR could continue its consolidation phase well into 2025. This prolonged stagnation would require significant bullish cues to trigger a breakout and restore investor confidence in the altcoin’s upward potential.

HBAR Price Breakout Above $0.40 Has Been Pushed to 2025 image 2 HBAR price Analysis. Source:  TradingView

However, if investors begin selling to secure gains, HBAR could lose the critical $0.25 support level. Such a decline would invalidate the bullish outlook, potentially pushing the altcoin down to $0.18 and deepening market skepticism.  

1

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.

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