Hedera Price Faces 20% Risk as Bearish Metrics Stack Up — Can HBAR Bounce Back?
🔥 Key Takeaways
- Hedera (HBAR) price has dropped over 10% in the past seven days, signaling a potential deeper correction.
- Bearish metrics, including a weakening price structure, capital outflow, and low sentiment, are stacking up against HBAR.
- Dip buyers may provide a temporary reprieve, but the risk of a 20% downturn remains.
Hedera’s Price Structure Weakens
Hedera’s price has been on a downtrend over the past week, losing more than 10% of its value. This drop is not just a routine pullback, as the price structure of HBAR is weakening. The coin’s price has been making lower highs and lower lows, indicating a loss of momentum and a potential reversal of the uptrend.
The HBAR price is also facing resistance from the 50-day moving average, which has acted as a barrier to the coin’s price movements in the past. If the price fails to break above this resistance, it may continue to slide, potentially leading to a deeper correction.
Capital Outflow and Low Sentiment
Capital is flowing out of Hedera, as evidenced by the coin’s declining market capitalization. This outflow of capital is a bearish sign, as it indicates a loss of investor confidence in the coin. Additionally, sentiment around HBAR has slipped to multi-month lows, further exacerbating the bearish trend.
The combination of a weakening price structure, capital outflow, and low sentiment is a potent mix that could lead to a significant downturn in HBAR’s price. Dip buyers may provide a temporary reprieve, but the risk of a 20% downturn remains.
Can HBAR Bounce Back?
While the bearish metrics are stacking up against HBAR, there is still a possibility of a bounce back. If dip buyers step in to support the coin, the price may recover, at least temporarily. However, for a sustained rebound, HBAR would need to break above the 50-day moving average and regain its lost momentum.
Until then, the risk of a deeper correction remains, and investors should be cautious in their approach to HBAR. A drop of 20% or more is possible if the bearish trend continues, making it essential for investors to keep a close eye on the coin’s price movements.
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