HBAR Investors Remain Uncertain, Price Faces 17% Correction | Airdrop Alert Pro

HBAR’s price action has investors cautious after the altcoin failed to shake off a two-month consolidation phase. This resulted in HBAR falling into its previous range, disappointing hopes of a sustained rally.

Investor hesitancy and lack of significant inflows further impacted the cryptocurrency’s performance.

HBAR investors are skeptical

Average Directional Index (ADX) signal indicates HBAR’s Uptrend Is Losing Steamthe indicator is below the critical 25.0 threshold. This decline highlights the reduced intensity of the ongoing trend, which had previously been rising. The fading momentum reflects investor uncertainty about Altcoin’s near-term prospects.

Supporting this sentiment is the Parabolic SAR indicator, with the points above the candlestick confirming a downward trend. Together, these technical signals point to the erosion of bullish confidence, with HBAR’s price now facing increased bearish pressure as traders await more definitive cues.

HBAR’s macro momentum remains uninspired, as evidenced by the Chaikin Money Flow (CMF) indicator struggling above the zero line. This suggests that outflows dominated the market, with inflows being limited to offset sales pressure. The imbalance suggests investors have little confidence in HBAR’s ability to emerge from the merger.

Weak inflows further inhibit HBAR’s growth potential With traders still reluctant to re-enter the market. Without clear momentum or broader market support, HBAR may continue to face challenges attracting and sustaining upward movement.

HBAR Price Forecast: Combined Returns

Currently trading at $0.30, HBAR fell 7% in the past 24 hours. The cryptocurrency is now back within its consolidation range, after trading between $0.33 and $0.25, as $0.33 cannot be secured as a support level. The slide has fueled concerns about the altcoin’s near-term trajectory.

HBAR’s failed attempt to breach $0.40 subsequently dropped significantly. If the decline continues, AltCoin could test the lower end of its consolidation range at $0.25. Such a move would represent a 17% correction, further eroding investor confidence in the near term.

However, recovery with $0.33 as support level HBAR can be provided Second Chance Challenge $0.40. A successful violation of this resistance will invalidate the bearish outlook and potentially attract renewed buying interest, providing hope for recovery.