HBAR has recently experienced a decline that erased the gains made earlier in the week, with the price currently standing at $0.169.

Despite an initial rise of 13%, the altcoin struggled to break free from its month-long downtrend, with skeptical investors causing further price volatility. The outlook remains uncertain as the market shows mixed signals.

Hashgraph's native token, HBAR, has seen a recent decline, erasing the gains made earlier in the week. Despite an initial rise of 13%, the altcoin struggled to break free from its month-long downtrend, with skeptical investors causing further price volatility.

Hashgraph's native token, HBAR, has seen a recent decline, erasing the gains made earlier in the week. Despite an initial rise of 13%, the altcoin struggled to break free from its month-long downtrend, with skeptical investors causing further price volatility.

As the Chaikin Money Flow (CMF) indicator moves into the bearish zone below the zero line, it suggests that outflows are dominating the market while inflows remain subdued.

As the Chaikin Money Flow (CMF) indicator moves into the bearish zone below the zero line, it suggests that outflows are dominating the market while inflows remain subdued.

HBAR May Not Have A Chance At Recovery

This lack of buying interest is putting downward pressure on the price, which is still down by 4% in the last 24 hours.

Without renewed interest or a change in sentiment, HBAR may continue to face challenges in making a recovery.

However, there may be a ray of hope as the Squeeze Momentum Indicator (SMI) has recently returned to form a squeeze (black dots) over the last 48 hours.

This could indicate an imminent volatility explosion for HBAR. The SMI helps to gauge market shifts, signaling that significant price movement may be on the horizon as the squeeze releases. A squeeze in the market often leads to a sharp move either upwards or downwards, depending on the momentum.

If the SMI bars turn green, it would suggest an upward shift in momentum, potentially signaling a price uptick for HBAR. However, if the bars remain red or turn more negative, the altcoin could face further declines.

HBAR Price Downtrend Continues

The price of HBAR has decreased by 4% in the last 24 hours, and it is currently trading at $0.169.

Earlier in the week, HBAR experienced an initial rise of 13%, which failed to break the month-long downtrend, indicating a bearish outlook for the near term.

The Chaikin Money Flow (CMF) indicator has moved into the bearish zone, currently sitting below the zero line. This suggests that outflows are dominating the market while inflows remain subdued.

The Chaikin Money Flow (CMF) indicator has moved into the bearish zone, currently sitting below the zero line. This suggests that outflows are dominating the market while inflows remain subdued.

Despite the initial surge, skepticism among investors regarding HBAR’s price recovery is contributing to the ongoing decline.

Even though HBAR experienced a surge earlier this week, the lack of sustained buying interest is putting downward pressure on the price. Without renewed interest or a change in sentiment, HBAR may continue to face challenges in making a recovery.

However, there may be a ray of hope as the Squeeze Momentum Indicator (SMI) has recently returned to form a squeeze (black dots) over the last 48 hours, which could indicate an imminent volatility explosion for HBAR.

The SMI helps to gauge market shifts, signaling that significant price movement may be on the horizon as the squeeze releases. A squeeze in the market often leads to a sharp move either upwards or downwards, depending on the momentum.

If the SMI bars turn green, it would suggest an upward shift in momentum, potentially signaling a price uptick for HBAR. However, if the bars remain red or turn more negative, the altcoin could face further declines.

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