HBAR Faces Final Hurdle After Explosive Rally; Are Bulls Tiring Out?
The post HBAR Faces Final Hurdle After Explosive Rally; Are Bulls Tiring Out? appeared on BitcoinEthereumNews.com. After rallying more than 28% over the past week, HBAR is now staring at a major resistance level, raising a critical question: Can the bulls keep this run alive, or is exhaustion setting in? The push came shortly after HBAR was added to Grayscale’s Smart Contract Fund, a move that stirred new optimism and volume. But HBAR price is now hovering around the $0.20430 mark, a technically significant level tied to recent Fibonacci extensions, and momentum appears to be slowing, at least on the surface. Bull Power and Netflows Still Favor the Upside On-chain metrics, however, tell a more nuanced story. The Elder-Ray Bull Power Index, which gauges the strength of buyers over sellers, has ticked up four days in a row. This suggests that despite some visible wicks on recent candles (sellers taking profit), bullish conviction remains in play. Bulls are in charge of the HBAR price for now: TradingView Meanwhile, exchange netflows confirm a cooling off in weekly outflows. While earlier rallies were accompanied by sharp exits from whales and short-term holders, the pace has now moderated, typically a sign that fewer traders are rushing to lock in profits at current levels. It’s not a wave of accumulation, but it does indicate that selling pressure is no longer massive. HBAR price and outflows: Coinglass Open Interest Signals Market Confidence Perhaps the most telling bullish sign comes from Open Interest, which tracks the number of open futures contracts. A sustained rise here typically means new money is entering the market, not exiting. Right now, the OI uptrend suggests traders are still betting on more upside — or at the very least, not ready to fade this move yet. HBAR price and Open Interest: Coinglass How’s the HBAR Price Action Looking? This structural backdrop is reinforced by the standard Fibonacci…
The post HBAR Faces Final Hurdle After Explosive Rally; Are Bulls Tiring Out? appeared on BitcoinEthereumNews.com.
After rallying more than 28% over the past week, HBAR is now staring at a major resistance level, raising a critical question: Can the bulls keep this run alive, or is exhaustion setting in? The push came shortly after HBAR was added to Grayscale’s Smart Contract Fund, a move that stirred new optimism and volume. But HBAR price is now hovering around the $0.20430 mark, a technically significant level tied to recent Fibonacci extensions, and momentum appears to be slowing, at least on the surface. Bull Power and Netflows Still Favor the Upside On-chain metrics, however, tell a more nuanced story. The Elder-Ray Bull Power Index, which gauges the strength of buyers over sellers, has ticked up four days in a row. This suggests that despite some visible wicks on recent candles (sellers taking profit), bullish conviction remains in play. Bulls are in charge of the HBAR price for now: TradingView Meanwhile, exchange netflows confirm a cooling off in weekly outflows. While earlier rallies were accompanied by sharp exits from whales and short-term holders, the pace has now moderated, typically a sign that fewer traders are rushing to lock in profits at current levels. It’s not a wave of accumulation, but it does indicate that selling pressure is no longer massive. HBAR price and outflows: Coinglass Open Interest Signals Market Confidence Perhaps the most telling bullish sign comes from Open Interest, which tracks the number of open futures contracts. A sustained rise here typically means new money is entering the market, not exiting. Right now, the OI uptrend suggests traders are still betting on more upside — or at the very least, not ready to fade this move yet. HBAR price and Open Interest: Coinglass How’s the HBAR Price Action Looking? This structural backdrop is reinforced by the standard Fibonacci…
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