HBAR Nears 3-Month Breakout — But Liquidity Outflows Could Spoil It

Core Insights - HBAR is nearing a critical breakout point after a three-month pattern, but investor behavior may impede its progress [1][6] - The Relative Strength Index (RSI) indicates renewed buying interest, suggesting potential upward momentum if demand continues [2] - The overall macro environment is improving, with major cryptocurrencies gaining, which supports HBAR's short-term outlook [3] Market Sentiment - Despite the bullish sentiment in the broader crypto market, HBAR holders are exhibiting caution, leading to a disconnect between sentiment and price action [1][5] - The Chaikin Money Flow (CMF) has dipped below zero, indicating liquidity withdrawal from HBAR and raising concerns about sustaining a breakout [4][5] Price Analysis - HBAR is currently trading at $0.224, just below the $0.230 resistance level, which is crucial for a potential breakout [6] - A successful move above $0.230 could lead to a price increase towards $0.242, while a failure may result in a decline to $0.219 or lower [7][8]