The price of HBAR continues to move within a tight range, signaling an ongoing contest between buyers and sellers. Over the past month, the token dropped around 21%, with an additional 11% decline over the last week. Despite this, HBAR’s downward pace has eased compared to Bitcoin and Ethereum.
The current market shows a classic tug-of-war: long-term bearish pressures versus early signs of renewed buying interest. Momentum appears to be improving slowly, though warning signals remain visible on broader timeframes. The next decisive move may hinge on the activity of large holders, as whales gradually accumulate and sustain positive money flow.
On the daily chart, HBAR presents two conflicting technical signals. A bearish crossover is developing between the 100-day and 200-day Exponential Moving Averages (EMAs).
“EMAs smooth out price data to reveal long-term trend direction. When the shorter EMA falls below the longer one, it indicates weakening momentum and continued selling pressure.”
This pattern often precedes a corrective move, suggesting that while short-term sentiment may look constructive, broader market forces remain cautious.
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HBAR remains in a delicate equilibrium between cautious optimism and continued selling pressure, with whale behavior likely determining the next directional breakout.