Hedera (HBAR) has experienced a 9% price increase in the past 24 hours, reducing its weekly losses. Exchange inflows have significantly decreased by 88% since October 11, dropping from $4.43 million to $517,000, indicating a reduction in selling pressure. The Chaikin Money Flow (CMF) has turned positive, suggesting accumulation by large holders, while the Money Flow Index (MFI) indicates weaker retail participation.
Technical indicators, including the Relative Strength Index (RSI), show bullish divergence, signaling a potential price reversal. A breakout above $0.22 could propel HBAR towards $0.25, while a decline below $0.16 may lead to further downside risks.
Hedera (HBAR) Price Rises 9% as Selling Pressure Eases
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.