Hedera (HBAR) Rally Stalls Despite $2.46 Million Spot Inflows Spike
Hedera’s HBAR has recorded its first major inflow in the past ten days and entered its market on Tuesday. In the past 24 hours, this has increased the price of Altcoin by 2 %, which is a wave of widespread market recovery rate.
However, although the inflow signal caused interest in assets, the data shows that the price increase may be short. Technical indicators show that HBAR’s bullish momentum is still weak, implying potential price correction.
Hedera Bears remains fully controlled
so far, Hbar recording The total inflow on the spot totaled $ 2.46 million, marking the first time worth noting in its ten -day inflow. The inflow at the scene showed that the new capital was purchased by the direct purchase of assets to enter the market, and the signal caused investors’ interest and potential short -term price momentum.
However, despite the inflow and price rise, the mood of the loser is still Strong on HBAR. Its awesome oscillator (AO) measures its market motivation, and it continues to show only red histogram.
When the AO stick of assets becomes red, the pressure on the bullish will weaken, and the decline will increase. This implies the possibility of HBAR price reversal in the short term.
In addition, the readings of the average mobile convergence difference (MACD) indicators support this loser prospect. When pressing, the token’s MACD line (blue) is located below its signal line (orange).
This momentum indicator can help traders determine the trend, changes in volume and potential trading signals based on the MACD line, signal lines and histogram changes. When it is settled, it shows the decline. This means that selling the purchase activities of market participants, which brings tremendous downward pressure to its price.
HBAR price forecast: Will the Bull push it to $ 0.40?
If the pressure is increased, HBAR may fall offIts recent income fell to $ 0.26. if The Bulls failed to defend this support level, and the price of HBAR may be further dropped to $ 0.24.
On the other hand, if the bull restores market control and rise, then HBAR’s price is OK More than $ 0.33, climbing to $ 0.40.
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