HBAR has posted a 4% gain

HBAR has posted a 4% gain over the past seven days, benefiting from the broader rebound across the crypto market over the past few days.

The Chaikin Money Flow (CMF) for HBAR has been steadily declining in recent days, even as the token’s price has rallied. At the time of writing, the CMF is below the zero line at -0.16.

This forms a bearish divergence with the token’s price signalling weakening buying pressure behind the uptrend.

The CMF is a momentum indicator that measures the volume-weighted money flow into or out of an asset over a specific period, helping to gauge buying or selling pressure. A bearish divergence occurs when the asset’s price rises while the CMF trends downward, indicating weakening demand and potential for a reversal.

This trend suggests that HBAR’s recent rally may not be driven by sustained demand from market participants and risks a correction in the near term.

Moreover, readings from the altcoin’s BBTrend indicator support this bearish outlook.

Observed on the one-day chart, the indicator currently sits at -10.16, displaying red histogram bars that have been growing in size with each trading session.

The BBTrend measures the strength and direction of a trend based on the expansion and contraction of Bollinger Bands. When it returns red bars, the asset’s price consistently closes near the lower Bollinger Band. This reflects sustained selling pressure and hinting at the potential for further downside.

In HBAR’s case, the divergence between its price movements and BBTrend confirms that the upward move lacks strong momentum and may be unsustainable.

HBAR is at a crossroads between $0.166 and $0.188.

If bullish momentum in the broader crypto market fades and demand fails to climb, HBAR’s rally may lose steam. This could potentially push the price below the $0.178 support.

In this scenario, the token could slip further to $0.166.

On the other hand, if fresh demand enters the market, HBAR’s rally could regain strength and climb toward the $0.188 resistance level.