HBAR Price Recovery Stumped By Weak Inflows And Weaker Crypto Market

HBAR has struggled to break free from a two-month downtrend, with its price stuck under the $0.20 resistance level. Although the altcoin is attempting to bounce back, broader market conditions and a lack of investor confidence have hindered its efforts. 

This ongoing struggle to regain upward momentum keeps HBAR in a difficult position, as it faces resistance both in price action and investor sentiment.

Hedera Investors Are Bearish

The Chaikin Money Flow (CMF) indicator has shown weak inflows since the beginning of the year. Over the past two months, HBAR’s inflows have been overtaken by outflows, a trend that has caused the CMF to remain below the zero line. This lack of strong buying interest reflects investor hesitancy, making it difficult for the altcoin to gain sustained bullish momentum.

With the CMF struggling to cross back above zero, HBAR’s market sentiment continues to be weak. This pattern indicates a lack of confidence from investors, as they are not actively driving up demand for HBAR. 

HBAR CMF. Source:  TradingView

In terms of macro momentum, the Moving Average Convergence Divergence (MACD) has been showing mixed signals. Over the past three weeks, HBAR’s momentum has shifted from bullish to bearish, and now, it is back to bullish again. While this may seem like a positive sign, the lack of consistent momentum makes it unlikely that the uptrend will be sustainable.

The MACD’s fluctuations indicate that HBAR is struggling to maintain a steady trend, leaving its price vulnerable to sudden volatility. If the altcoin cannot establish a firm bullish trend, it may face further challenges in regaining investor confidence and stabilizing its price action.

HBAR MACD. Source:  TradingView

HBAR Price Needs A Push

Currently trading at $0.197, HBAR is attempting to hold this level as support. However, it has been stuck under $0.200 for the past two weeks, unable to make significant gains. The price will need to consistently hold above $0.197 for a longer period to signal a potential recovery.

If the bearish momentum continues, HBAR may fail to breach $0.197 and instead fall to $0.177. A loss of this support level would open the door for a deeper decline, potentially bringing the price down to $0.154. This scenario would further extend the altcoin’s downtrend and delay any potential recovery.

HBAR price Analysis. Source:  TradingView

On the other hand, if HBAR can break through the $0.197 resistance, it could pave the way for a rise to $0.222. Successfully securing this level would mark the end of the current downtrend and initiate a recovery, helping HBAR regain recent losses.