#Crypto Market Rebound#  HBAR Price Fails to Breakout: What’s Holding the Altcoin Back?

HBAR has been making a solid attempt at a recovery recently, but broader market signals are holding the altcoin back.

Trading at $0.156, HBAR could face a correction in the coming days as weak inflows and bearish sentiment weigh on its price action. Despite this, the token remains a focus for potential future growth.

HBAR Inflows Strengthen

The Chaikin Money Flow (CMF) indicator is struggling to close above the zero line, suggesting weak inflows into HBAR. This is a concerning signal, as the CMF’s failure to sustain a positive move reflects investor skepticism and a lack of strong buying interest. While HBAR briefly crossed into positive CMF territory for the first time in over a month, overall market sentiment remains weak.

This difficulty with CMF suggests that investor confidence is fragile, with many hesitant to invest in HBAR at higher levels. As a result, the chances of further upside momentum appear limited, and the likelihood of further gains remains low unless broader market conditions improve or buying interest picks up.

On a more positive note, technical indicators like the Relative Strength Index (RSI) are showing bullish momentum for HBAR. Currently above the neutral 50.0 level, the RSI suggests that buying pressure is strengthening. This shift suggests that despite the weak inflows, HBAR still has the potential for a positive price move if momentum continues.

The RSI moving into bullish territory is a critical signal for investors, as it suggests that the market is not completely bearish. The increasing momentum could eventually work in HBAR’s favor, offsetting some of the challenges presented by weak inflows and broader market uncertainty. The key will be whether this momentum can sustain itself over time.

HBAR Price Set to Rise

HBAR’s price is stuck at the bottom of a two-week downtrend and is currently trading at $0.156. To break out of this trend, HBAR will need to show more strength from both technical indicators and market sentiment. If the conditions mentioned above improve, the token could break out of the downtrend.

The first major hurdle for HBAR is to break out of the $0.163 level and make it support. This is critical as it will pave the way for the altcoin to reach the $0.180 resistance level. Traders will need to hold on to their positions at this critical stage, as premature selling could derail the potential for further gains.

However, if investor sentiment turns to selling due to profit taking or heightened uncertainty, the bullish view could be invalidated. A loss of the $0.154 support level would likely lead to a drop to $0.139, ending HBAR’s near-term recovery hopes.

#Growth Points#