Hedera’s HBAR is trading sideways after several days of weak trading, reflecting a lack of clear market direction.
Despite this stagnation, HBAR holders appear to be increasingly active in building momentum, with early signs pointing to a potential shift away from bearish pressure.
Hedera has no intention of obeying the king.
The Chaikin Money Flow (CMF) indicator has shown a sharp rise, indicating a rapid deceleration of outflows. This trend is worth noting as it suggests that selling pressure has eased significantly. As investors move away from token offloading, sentiment will gradually shift towards a more constructive outlook.
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If the CMF continues to improve and crosses the zero line, HBAR officially records a net inflow. Such a change would highlight a new confidence among traders and would be the driving force behind the price rally. Sustained inflows often coincide with strengthening momentum and could help HBAR break out of its current range.
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The declining correlation between HBAR and Bitcoin provides another important signal. After maintaining a close correlation with BTC for more than three weeks, the indicator has now fallen to 0.62. This decoupling means HBAR may be preparing to become less dependent on Bitcoin trends and chart its own direction.
This divergence could prove beneficial as Bitcoin remains directionless and has yet to establish a clear recovery path. If HBAR continues to decouple from BTC while investor sentiment improves, the altcoin could outperform the broader market and seize independent upward momentum.
HBAR price may continue to move sideways
HBAR price has fallen 5% in the past 24 hours and has been range-bound between $0.150 and $0.130 for almost three weeks. This sideways effect is likely to persist unless a strong catalyst emerges. Still, the improvement in CMF indicates that potential changes are building beneath the surface.
If HBAR capitalizes on increased investor support, it could rebound from the local support level at $0.141 and retest $0.150. If the pair succeeds in breaking through this barrier, it will be supported by increased inflows and reduced selling pressure, paving the way to $0.162.
However, if investor confidence weakens again, HBAR could fall towards the key support at $0.130. A loss of this level would invalidate the bullish-neutral outlook and the price could fall towards $0.125.
