Hedera (HBAR) Price Analysis: Bearish Pressure Builds Despite Inflows

Hedera (HBAR) has been struggling to maintain upward momentum, with bearish sentiment gradually overshadowing its recent recovery attempts. Despite occasional rallies, the altcoin continues to face heavy selling pressure, raising concerns about whether the decline could deepen further in the coming weeks.

Interestingly, the Chaikin Money Flow (CMF) suggests that investors remain engaged with HBAR, as the indicator trends upward. This rise signals ongoing inflows of capital, highlighting that buyers are still active even amid uncertain market conditions. A positive CMF often reflects an attempt by bulls to counter widespread selling pressure, which could provide short-term support.

Rob Allen, Director of HEAT at Hashgraph, reinforced long-term optimism, noting that the crypto sector is moving toward an “explosion of digital currencies and the use cases that support them.” His statement underscores Hedera’s broader potential despite near-term volatility.

From a technical perspective, however, risks are mounting. The exponential moving averages (EMAs) are converging after nearly two months of a bullish crossover. The narrowing gap between the 50-day EMA and 200-day EMA suggests weakening momentum. If the 200-day EMA crosses above the 50-day EMA, it would trigger a Death Cross — a widely followed bearish signal that could accelerate downside pressure.

Currently, HBAR trades around $0.215, hovering just above critical support at $0.213 while struggling to break resistance at $0.219. The token remains locked within a descending wedge pattern, with a stronger barrier forming near $0.230. Unless HBAR breaks through this level, the price may stay range-bound and lack meaningful upside.

If bearish momentum intensifies, HBAR risks breaking below $0.205. Such a move would invalidate the current bullish setup and open the path toward $0.198, amplifying market caution and short-term volatility.

In summary, while capital inflows and long-term optimism offer hope, HBAR remains fragile in the near term. Failure to hold support could confirm further downside, keeping traders on high alert.