HBAR price is under pressure again, down 3.2% in the past 24 hours and trading around $0.195. While most large tokens are trading sideways, Hedera stands out as sellers look to erase last week’s 12.7% rally.
Although the overall structure remains weak, one short-term setup on the chart suggests a small pullback could be forming before the next significant move. Note that this big move is not expected to turn bullish yet.
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Daily chart confirms weak structure driven by big money
The daily price chart of HBAR shows a clear depletion. From October 6th to October 31st, prices made lower highs, while the Relative Strength Index (RSI) formed higher highs.
This pattern is called a hidden bearish divergence and usually indicates that a broader downtrend is likely to continue.
The RSI measures the strength of buys and sells, and this divergence indicates that buyers are losing control, even though the price is attempting a slight recovery.
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Despite being in the green zone, HBAR prices continue to be weak compared to the previous week. It has decreased by about 13% compared to the previous month, confirming a downward trend.
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Chaikin Money Flow (CMF), an indicator that tracks capital flows, supports this view. Since October 28, CMF has cut its highs and is now down to -0.09, below zero, indicating a consistent large outflow of funds from HBAR.
This pattern means that institutional investors and large shareholders are exiting, adding to the selling pressure that continues to drive down HBAR’s performance.
Lower timeframe hints in the short-term HBAR price rebound window
Despite the bearish structure, the 4-hour Hedera (HBAR) chart offers hints of short-term relief. From October 31st to November 2nd, the HBAR price made higher lows, while the RSI made lower lows. This is a hidden bullish divergence that often appears before a quick rebound in a weak market.
While this does not reverse the overall trend, it does signal that short-term buyers may be coming in. If HBAR can manage a clean close above $0.204, a level it has faced repeated failures since October 30, it could trigger a temporary rebound towards the next resistance zone at $0.219.
However, if this move fails and the price falls below $0.189, further declines towards $0.178 and $0.168 are possible. If the daily close price falls below $0.168, the rebound setting will be disabled, confirming that the downtrend remains firmly under control.
