HBAR’s 9% Leap: Bullish Mirage?

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Oh, how the Hedera (HBAR) price has been slithering down the financial slope, a serpent of despair, having shed 5% in seven days and 24% in a month. Post-“Black Friday” crash, it’s as if the buyers are trying to stabilize a crumbling sandcastle with a feather. 🐍

Yet, amid this gloom, a technical oracle and a trickle of funds hint at a possible resurrection. But only if HBAR can leap over a certain price threshold-like a frog dreaming of a lily pad. 🦎

Momentum and Money Flow: A Dance of Hope

When an asset languishes in a downtrend, traders turn to the RSI, that sardonic judge of price’s vigor. Currently, it’s murmuring a bullish divergence, as if the market is sighing, “Perhaps, just perhaps, the tide may turn.” 🌊

From June 22 to October 8, HBAR’s price dipped lower, while the RSI, that fickle friend, rose higher-a classic bullish divergence. It’s like watching a wobbly tightrope walker gain confidence, though the net is still far below. 🕹️

The Chaikin Money Flow (CMF) adds a dash of optimism, its 0.18 figure a stubborn flame against the cold winds of skepticism. 💸 Even if it wavers slightly, it’s still a flicker of hope in a dark room.

This suggests that, despite the recent correction, the crowd hasn’t yet fled. They’re like spectators at a circus, waiting for the lion to roar. 🦁

Craving more crypto whispers? Subscribe to Harsh Notariya’s Daily Crypto Newsletter-where the predictions are as reliable as a weather forecast in a hurricane. ☁️


Still, the CMF’s 0.14 line looms like a specter. Should it dip below, it’s as if the party has ended and the guests have left, leaving only the echo of laughter. 🎉

HBAR’s $0.19 Gauntlet: A Test of Will

HBAR hovers near $0.17, clinging to its $0.16 support like a child to a lifeline. Yet, the $0.19 barrier has repeatedly thwarted its ascents, acting as a fortress of resistance. 🏰

To confirm a bullish reversal, HBAR must ascend 9%-a feat akin to a snail winning a race against a cheetah. If it breaches $0.19, it’s as if the market is saying, “Alright, let’s see if you can keep up.” 🏁

Should it succeed, the next hurdles are $0.23 and $0.25, former peaks that now taunt like jealous rivals. But if HBAR falters below $0.16, it’s back to the drawing board, a tale of “almost” but never “done.” 🧾

At this juncture, HBAR is like a moth circling a flame-trying to find its footing. Yet, momentum alone won’t suffice. The 9% leap above $0.19 is the ultimate test: will it be a true reversal or just a fleeting mirage? 🌫️

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2025-10-16 12:52