Hedera prices still hold glimmers of hope for a rebound, but the bar has been set low. After a steady weekly decline, the token is trading around $0.16 with little energy to move higher. Market mood has weakened and confidence among traders continues to decline.
For now, only one signal could exist between HBAR and further losses, keeping hopes alive amid an increasingly bearish setup.
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A flurry of bearish indicators: Weak retail flows and the hype waning
The biggest warning sign for HBAR is on the daily chart, the impending death cross between the 100-day and 200-day exponential moving average (EMA). EMAs smooth price data to indicate broader market direction, and a “death cross” is formed when the short-term average falls below the long-term average. A completed cross often signals that selling may accelerate.
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The Money Flow Index (MFI), which tracks the flow of funds into and out of assets using both price and volume, confirms this weakness. MFI has been on a downward trend since mid-July. It was near 55 in early October and has now fallen to 36, indicating that retail traders are no longer buying the dip at a decent pace.
Social data adds to the slowdown. HBAR Social Advantage, which represents HBAR’s share of overall crypto-related discussion, reached a weekly high of 1.49% on October 22nd, as excitement briefly increased over ETF filings featuring HBAR.
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However, chatter quickly dropped to 0.51%, confirming that the buzz was short-lived.
Together, these indicators form a sea of bearish signals, including weakening participants, waning public attention, and technical structures that suggest further losses if buyers do not intervene soon.
Expected rebound in Hedera price: RSI divergence may hold the line at $0.16
Still, one metric offers optimism. From June 22nd to October 10th, the price of HBAR formed lower lows, while the relative strength index (RSI), an indicator that measures the strength and speed of price movements, formed higher lows. This bullish divergence often appears when sellers start to lose control, and a reversal can then occur.
If this happens, Hedera (HBAR) price could rise 10% to regain $0.18. This will be the first hurdle that traders will want to clear. Beyond that, a close above $0.19 could pave the way for $0.22.
However, the risks still outweigh the rewards at this point. $0.16 remains the major support. This is the line that HBAR must stick to to avoid a fall to $0.15 or even $0.12. If that happens, the ongoing death cross could push sentiment further into bearish territory.
