HBAR reversed its earlier gains this week, dropping 6.43% in the last 24 hours and settling at $0.1679

HBAR has reversed its earlier gains this week, dropping 6.43% in the last 24 hours and settling at $0.1679. The altcoin's short-lived rally of 13% failed to

HBAR price has reversed its earlier gains this week and dropped 6.43% in the last 24 hours to settle at $0.1679. The altcoin’s short-lived rally of 13% failed to overturn a month-long downtrend.

As technical indicators now point towards sustained bearish pressure, investors remain cautious.

Key takeaways:

Chaikin Money Flow (CMF) fell into negative territory, indicating that capital outflows outpace inflows.

Squeeze Momentum Indicator (SMI) showed black dots over the past 48 hours, which typically foreshadows a ‘squeeze’ or a sharp price move.

At current levels, HBAR risks losing support at $0.163, which may lead to steeper losses.

One of the clearest signals of HBAR’s faltering momentum comes from the Chaikin Money Flow indicator. This technical measure, which tracks capital flows and is used to identify the strength or weakness of a trend, has now crossed into negative territory.

This transition of the CMF into negative territory, especially after a brief period in positive values, signals that capital outflows are outpacing inflows.

The Chaikin Money Flow is a technical indicator that ranges from -1 to 1. It is used to measure the strength of a trend by comparing the total amount of money flowing into a security with the total amount of money flowing out of the security.

When the Chaikin Money Flow is above zero, it indicates that more money is flowing into the security than out of it, and the trend is strong. Conversely, when the Chaikin Money Flow is below zero, it indicates that more money is flowing out of the security than into it, and the trend is weak.

This metric, which also considers trading volumes to reflect buying and selling pressure, further implies that investor confidence in HBAR’s short-term recovery is weakening. As the market participants are becoming increasingly cautious, the lack of trading volumes fails to support a rebound.

Earlier this week, HBAR experienced a 13% price increase which briefly took the coin out of its slump. However, traders failed to follow through with sustained buying interest.

Without a shift in sentiment or a clear catalyst to spark demand, the coin’s price may remain under downward pressure.

At current levels, HBAR risks losing support at $0.163—a critical zone that, if breached, may result in steeper losses towards $0.154.

Another major concern is volatility. The Squeeze Momentum Indicator (SMI), which helps traders anticipate sharp price moves, has formed black dots over the past 48 hours.

This pattern typically suggests that a “squeeze” is developing, meaning a breakout—upward or downward—may be imminent.

As of now, the SMI bars remain red, reinforcing the bearish tone. However, traders are closely watching for a shift to green, which could signal a bullish reversal.

Until such a shift occurs, the indicator suggests that HBAR may continue to experience selling pressure.

The importance of this squeeze lies in its potential to trigger a large move in price.

Given the lack of current momentum and the negative readings from both CMF and SMI, the odds favour a downward move unless sentiment shifts decisively.

If the trend continues, the next level of support for HBAR is at $0.154.

The overall market structure for HBAR remains bearish. Despite the temporary recovery earlier this week, the token has failed to exit the broader downtrend that has gripped it for over a month.

Price action shows a consistent inability to break past the $0.172 resistance level, a key point that analysts believe must be overcome for any bullish sentiment to return.

The next few trading sessions are crucial. A move above $0.172 would invalidate the current downtrend and may attract fresh buying.

In that scenario, HBAR could reclaim higher levels near $0.180 and potentially target $0.188.

However, without strong buying support, that outcome looks unlikely for now.

For now, the bearish indicators—negative CMF, red SMI bars, and failed breakout attempts—suggest that HBAR’s path of least resistance remains downward.

Unless the market sees renewed interest or a favourable external event, HBAR could continue facing headwinds in the coming days.

Key support and resistance zones to watch

HBAR’s immediate support lies at $0.163, a level that has held up in recent sessions. A break below this threshold may expose the token to losses towards $0.154, intensifying the current downtrend.

On the upside, resistance remains at $0.172, followed by $0.180 and $0.188. Only a decisive move past these levels will mark a potential reversal and allow bulls to regain control.