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Hydra’s HBAR enters February 2026 under pressure after a sharp correction in the market. Since mid-January, the token has fallen on 35%, with the correction growing during the wider sales period between January 21 and February 1.
In any case, the technical indicators and on the chain indicate the possibility of a turn. Whether this possibility turns into a rebound or another collapse now depends on volume, money flow and key support levels.
The money flow and the falling wedge are still actively falling
Despite the recent sale, the structure remains HBAR’s broader environmental burdens building
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From the end of October 2025, the price moves in a falling wedge. A falling wedge forms when the price makes higher lows and lower lows, but the structure narrows over time. This usually indicates that selling pressure is weakening.
Even after the January collapse, HBAR remained in this pattern. This will keep the retracement problem at bay in the long run.
Fund flow indicators also support this view.
Chaikin Funds Flow (CMF), which tracks whether there is a large flow of funds into or out of an asset, has clearly diversified since late December. Between December 30 and February 2, the price of HBAR has a lower trend, but CMF has a higher trend. This means that capital has continued to enter the market even when prices have fallen.
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Although the CMF recently broke below the uptrend line and briefly dipped below zero, it remains close to neutral territory.
The Money Flow Index (MFI), a measure of buy-downs, shows a similar pattern.
Since the end of November, the HBAR price has continued to trend lower, while the MFI has a higher trend. This suggests that traders have been buying the dip for more than two months. Recently, the IMF started to spiral again. It is currently located near 41. A move above 54 will create a higher high and strengthen the bullish divergence.
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Together, the CMF and MFI indicate that dip buyers are still active. Even after a decrease of 35%, the capital did not completely leave the market. Instead, buyers seem to be quietly accumulating in the fall cone. This keeps the hope of a refund alive.
However, to ensure a lasting recovery, prices also need support in production volume. Here the next danger appears.
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While CMF and MFI looked constructive, the volume data told a more cautious story.
The Balanced Volume (OBV) indicator measures whether volume is supporting price trends. The increase in the broad value confirms the purchasing power. Low OBV signal distribution. In the case of HBAR, OBV was weakened.
On January 29, the OBV fell below a major trend line. Since October, the downward trend has continued. This creates a bearish divergence.
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This means that any upward price movement was not supported by a significant amount of volume. This weakness was confirmed by real-time streaming data.
Since late October, HBAR has recorded steady weekly net inflows. Over the course of about 14 weeks, more tokens have exited the exchanges than entered. This reflects a continuous accumulation that the price corrects, a trend that is consistent with the skewness in the IMF that we discussed earlier. However, the obvious weakness of the indicator has always been the maximum benefit.
This chain was only recently interrupted.
On February 2 (weekly analysis), HBAR recorded its first significant week of net inflows since October, totaling approximately $749,000. This ended a three-month buying streak (at press time), marking a shift from accumulation to potentially ready to sell. This explains the recent collapse of the OBV indicator below the downward trend line.
So, while the CMF and the MFI show that buyers are still active, the wider market no longer absorbs the supply as it once did. Without sustained flows, clusters may continue to fade or may not even start. This shifts the focus to price levels.
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HBAR price levels that will determine the direction of February
With mixed signals across the indicators, the levels have become… HBAR rates Now it is more important. On the downside, the main support is near $0.076.
If HBAR stays above $0.076 and CMF and MFI continue to improve, redemption attempts could continue. But a complete breakout from this level would indicate that sellers are taking back control, something OBV has already hinted at.
In this case, the downside targets open near $0.062 and $0.043.
On the positive side, the first hurdle is $0.090, as long as the OBV improves.
This zone has closed highs since January and represents short-term resistance. The restoration will show an early return of confidence. Above $0.090, The main price of HydraIt is approaching $0.107.
A sustained move above $0.107 would confirm a wedge fall. This will make the measured target for the wedge, which indicates a potential upside of 52% in time. However, this scenario remains different so far.
