HBAR Price Near a Range Break — And the Next Move Could Hurt Bulls
HBAR is down almost 31% over the past month, even after posting a sharp 27% rebound between November 21 and 23. That bounce still keeps about 11% of gains on the weekly chart, but the move has stalled again.
The token has spent almost a full week trading between two close price levels, and that tight range now looks ready to break. Key signs are now flashing. However, the signals suggest that the break might not favor the bulls.
Momentum Signals Turn Against Hedera
HBAR’s momentum weakened right after the rebound. Between November 23 and November 26, the price formed a lower high while the RSI made a higher high.
The RSI, or Relative Strength Index, measures momentum. When momentum rises, but the chart prints a lower high, it creates a hidden bearish divergence, which often signals that the downtrend can continue.
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HBAR’s broader trend still shows a 31% drop over the past month, so the setup fits the pattern.
Volume data points the same way. OBV, or On-Balance Volume, tracks whether real buyers or sellers dominate.
HBAR’s OBV remains stuck under a descending trendline, and between November 25 and 28, the price made a higher low, but OBV made a lower low.
This is a bearish divergence, indicating fading buyer strength, even as the candles attempt to stabilize. As long as OBV trades under the trendline, pressure stays on the downside.
Both divergences reinforce each other. They explain why the rebound from November 21 to 23 could not build follow-through and why the current range looks unstable.
With momentum fading and buyer pressure weakening at the same time, the market may try to extend the previous downtrend.
HBAR Price Levels: One Range, Two Outcomes
The HBAR price has been moving between $0.151 on the upside and $0.140 on the downside for almost a week. That’s the same tight range mentioned earlier.
Momentum signals now show that this range is close to breaking.
If $0.140 gives way, the chart opens a move toward $0.122, which is the most recent support zone. A clean candle close below $0.140 confirms the breakdown and wipes out what remains of the weekly rebound.
For the bearish setup to fail, the entire structure must shift. OBV needs to break above its descending trendline so that buyer pressure returns.
At the same time, HBAR must close above $0.151, a level it has not crossed since November 16.
Until those conditions are met, the HBAR price remains at risk. The range may not hold if the broader market weakens again, and the next move could come quickly once the $0.140 line breaks or holds.
The post HBAR Price Near a Range Break — And the Next Move Could Hurt Bulls appeared first on BeInCrypto.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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