The price action of HBAR left investors careful after Altcoin could not escape from the two -month phase of consolidation. This led to the fact that HBAR returned to its previous range, disappointing hopes for a stable rally.
The vibration investor and the absence of significant tributaries even more affect the performance of cryptocurrency.
HBAR investors are skeptical
The average direction index (ADX) signals that the HBAR rising trend loses steam, while the indicator drops below the critical threshold of 25.0. This decline emphasizes the weakening of the forces of the ongoing trend, which was previously upward. The disappearing impulse reflects the growing uncertainty among investors regarding the short -term prospects of Altcoin.
Confirmation of this feeling is a parabolic indicator of SAR, where points over the candlesticks confirm the shift towards the descending trend. Together, these technical signals indicate erosion of bull -confidence, and the price of HBAR is now faced with high bear pressure, since traders expect more definite signals.
The hbar impulse is boring, as evidenced by the struggle of the Money Flow (CMF) indicator for closing the zero line. This suggests that the outflow dominates the market, with limited tributaries to compensate for the pressure of sales. The imbalance emphasizes the lack of confidence of investors in HBAR’s ability to break out of consolidation.
The weak tributaries even more weakens the HBAR potential for growth, since traders still do not dare to return to the market. Without a clear shift into an impulse or wider market support, HBAR may continue to face problems in obtaining traction and maintaining upward movement.
HBAR price forecast: Consolidation profitability
Currently, trade is $ 0.30, HBAR has fallen by 7% over the past 24 hours. Cryptocurrency is currently returning within its consolidation range from 0.33 to 0.25 US dollars after he could not get $ 0.33 as a level of support. This mistake revived the concern about the short -term trajectory of Altcoin.
An unsuccessful attempt by HBAR suffered $ 0.40. If the decrease continues, Altcoin can check the lower limit of its consolidation range of $ 0.25. Such a step will be a 17% correction, which further destroys the trust of investors in the short term.
Nevertheless, the restoration of $ 0.33 as a level of support can give HBAR the second chance to challenge $ 0.40. A successful violation of this resistance will deprive the invalid prospect of bear and potentially attract the updated interest of customers, offering hope for recovery.
