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HBAR price dips 6.43% as volatility brews and CMF turns bearish
- HBAR price has dropped by 6.43% to $0.1679 amid bearish market indicators.
- Technical analysis shows the Chaikin Money Flow (CMF) indicator signaling bearish capital flows.
- The Squeeze Momentum Indicator (SMI) predicts upcoming price volatility for HBAR.
- Reclaiming $0.180–$0.188 could indicate a trend reversal, but caution prevails.
- Investors are cautious as key metrics point to sustained bearish pressure.
- The CMF in negative territory implies weakening investor confidence and potential further decline.
- The SMI's black dots suggest an imminent price breakout, favoring a downward move.
- HBAR struggles to recover from a month-long downtrend, requiring a move above $0.172 for bullish sentiment.
- Current resistance levels at $0.180 and $0.188 may be targeted if a bullish reversal occurs.
- However, prevailing bearish indicators suggest downward pressure unless sentiment shifts positively.
- Key support is at $0.163, while downside may expose HBAR to $0.154 if support fails.
- Resistance levels to watch are at $0.172, $0.180, and $0.188 for potential trend reversal.
- Market participants await clear catalysts to determine the future direction of HBAR's price.
- The article suggests continued caution and vigilance for HBAR investors in the current market environment.
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