HBAR Price’s Recovery To $0.20 Could Be Marred By Weak Inflows

Core Insights - Hedera's native token, HBAR, is experiencing a struggle to recover, reflecting a decline in investor enthusiasm despite improving market sentiment that could support a potential bullish momentum in the near term [1][2]. Group 1: Investor Sentiment - The Chaikin Money Flow (CMF) indicator shows a noticeable decline, indicating that investor interest in HBAR is diminishing, with fewer funds being allocated to the asset [2]. - As inflows weaken, trader confidence is eroding, leading to a slowdown in accumulation, which complicates HBAR's ability to sustain short-term rallies [3]. Group 2: Technical Analysis - HBAR is currently trading at $0.170, just below a key resistance level of $0.178, indicating an indecisive market with conflicting technical signals [5]. - If momentum strengthens, HBAR could potentially breach the $0.178 resistance and aim for a price of $0.200, representing a 17.25% increase from its current level [6]. - Conversely, if HBAR fails to surpass the $0.178 level, it may fall back to the $0.162 support zone, with a breakdown below this level potentially leading to a price drop to $0.154, undermining the bullish outlook [7].