Will recovery come soon?

HBAR recently experienced a decline that erased profits earned at the beginning of the week, and is now at $0.169.

Despite the initial increase of 13%, Altcoin struggled to be relieved of a month-long decline, and skeptical investors have caused additional price volatility. The outlook remains uncertain as the market shows a mixed signal.

Hbar may not have a chance to recover

The Chaikin Money Flow (CMF) indicator is now moving into the bear zone, which is sitting under the zero line. This suggests that while outflows dominate the market, inflows remain curtailed. Investor skepticism about HBAR’s price recovery has contributed to the ongoing decline.

HBAR spiked earlier this week, but a sustained lack of shopping interest has put pressure on prices downwards. Without new benefits or emotional changes, HBAR could continue to face challenges in recovery.

The Squeeze Momentum Indicator (SMI) has recently returned to form a squeeze (black dot) over the past 48 hours. This could indicate an imminent volatility explosion in HBAR. SMI supports the change in the measurement market, indicating that large price movements could be on the horizon as squeezes release. Market narrowing can often lead to sharp upward or downward movements, depending on momentum.

A change in SMI bar to green suggests momentum will increase, potentially indicating an increase in HBAR price. However, if the bar remains red or becomes more negative, the Altcoin could be even lower.

HBAR price trend continues

HBAR prices have fallen 4% in the last 24 hours and are currently trading at $0.169. Despite a 13% rise at the beginning of the week, Altcoin has failed to break the downward trend for a month, showing bearish outlook for the recent period. Price drops are likely to continue, with $0.163 serving as the next major level of support.

If HBAR fails to maintain its current levels, it could drop to $0.154, deepening the ongoing downtrend. The lack of interest in purchasing and bearish CMF suggests that Altcoin could face more challenges, and will cut prices in the coming days.

However, if your HBAR recovers and breaks above $0.172, it could change market sentiment. A sustained rise above this level indicates that the downtrend has ended and Altcoin can push beyond $0.180. In this case, HBAR could test $0.188, disable the bearish outlook and shift the trend towards potential recovery.