Just checked HBAR's chart and there's actually something interesting happening here. Yeah, it's been beaten down hard since January, but the money flow signals are telling a different story than what the price action suggests. The bullish divergence pattern is pretty clear when you look at it - CMF and MFI both trending up while price kept falling through late January and early February. That's classic accumulation behavior.



The falling wedge structure that's been forming since October is still intact too, which keeps the rebound case alive. Even after getting crushed, HBAR held inside the pattern. What's catching my eye though is the volume situation. The on-balance volume broke down in late January, and that three-month streak of weekly net outflows finally ended just recently. This bullish divergence pattern suggests buyers have been quietly stacking through the dip, but here's the catch - volume support has been weak.

Looking at current levels, the key support around $0.076 is what matters now. Hold that and the technical setup stays constructive. Break it and we're looking at $0.062 and lower. On the upside, $0.090 is the first test, then $0.107 would confirm a breakout from the wedge. If we get there with improving volume, that bullish divergence pattern could finally translate into actual price movement. Right now though, it's still a wait-and-see on whether the money flow divergence leads to a real recovery or just another fake-out.
HBAR0.25%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin