HBAR's Surge Falls Short of Technical Benchmarks as Crucial Thresholds Shape Its Outcome
- HBAR's 26% price rebound from $0.12 lacks sustained bullish momentum, with key technical indicators signaling potential reversal risks. - The cup-and-handle pattern on the 4-hour chart is unraveling, as the declining Bull Bear Power (BBP) indicator suggests weakening buyer control despite a 4% 24-hour gain. - HBAR remains trapped in a falling channel, with the Chaikin Money Flow (CMF) below zero since November, highlighting absent institutional support for the rally. - Traders now monitor critical levels
HBAR's latest price rebound has not managed to persuade traders, as essential technical signals point to fading bullish strength. The token climbed almost 26% from its November 21 low around $0.12, with
The main technical pattern—a cup-and-handle formation on the 4-hour timeframe—has
The broader picture also raises concerns.
Traders are now focused on a crucial inflection point. If HBAR can close above $0.147 for an extended period, it could revive the bullish scenario suggested by the cup-and-handle pattern. Conversely, a drop below $0.143 would likely prompt a retest of the November 21 lows.
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.
You may also like
Your future will be revealed to you in Palo Alto
Top iPad applications to ignite and expand your creative potential
