#Crypto Market Rebound HBAR price fails to breakout: What is preventing the altcoin?

The HBAR coin has been trying hard to recover recently, but broader market signals are hindering the progress of the altcoin.

HBAR is trading at a price of $0.156, and it may face a correction in the coming days with declining inflows and weak negative sentiment affecting its price movement. Nevertheless, the coin remains a focal point for potential growth in the future.

Enhancing HBAR flows

The Chaikin Money Flow index (CMF) struggles to close above the zero line, indicating weak inflows into HBAR. This is a concerning signal, as the failure of CMF to maintain positive momentum reflects investor skepticism and a lack of strong buying interest. While HBAR briefly crossed into positive CMF territory for the first time in over a month, overall market sentiment remains weak.

This difficulty with CMF indicates that investor confidence is fragile, as many are hesitant to invest in HBAR at higher levels. As a result, the chances of additional positive momentum appear limited, and the likelihood of achieving further gains remains low unless broader market conditions improve or buying interest increases.

In a more positive manner, technical indicators such as the (RSI) show bullish momentum for HBAR. Currently above the neutral level of 50.0, the relative strength index indicates that buying pressure is increasing. This shift suggests that despite weak money flows, HBAR still has the potential to achieve a positive price movement if the momentum continues.

The transition of the Relative Strength Index to the bullish zone indicates a vital signal for investors, suggesting that the market is not entirely bearish. The increasing momentum may eventually work in favor of HBAR, offsetting some of the challenges posed by weak flows and overall market uncertainty. The key will be whether this momentum can be sustained over time.

The price of HBAR is expected to rise.

The price of HBAR has been stuck at the bottom of a downward trend for two weeks and is currently trading at $0.156. To break this trend, HBAR will need to show more strength from both technical indicators and market sentiment. If the aforementioned conditions improve, the coin may be able to escape the downward trend.

The first major hurdle for HBAR is to break out of the 0.163 dollar level and make it support. This is crucial as it will pave the way for the altcoin to reach the resistance level of 0.180 dollars. Traders will need to hold their positions at this critical stage, as early selling could hinder the potential for further gains.

However, if investors' sentiment shifts to selling due to profit-taking or increased uncertainty, the bullish outlook may be invalidated. A loss of the support level at $0.154 could lead to a drop to $0.139, ending the near-term recovery hopes for HBAR.

#Growth Points