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The price of HBAR has fallen by about 6% in the last 24 hours, further upsetting the already weak cryptocurrency market. Even with this pressure, the chart shows a rare combination of three signs of an early recovery that are not seen in most mid-cap currencies currently.
If the overall market stabilizes, HBAR may be one of the first to move, especially if it holds a key support level discussed later.
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The signs of accumulation appear below the decay
HBAR has been moving in a wide wedge, falling since the beginning of September. This pattern often becomes bullish when sellers lose control near the lower limit, and this change first appeared around November 21.
The first clue comes from changing the size behavior. HBAR activity follows a Wyckoff color pattern: red shows sellers in control, yellow shows sellers increasingly in control, blue represents buyers increasingly in control, and green shows buyers in complete control.
Since HBAR has collected At $0.155 on November 23 and down nearly 15%, the bars turned from heavy red to a mix of yellow and blue. This combination is a classic sign of salesperson burnout and an early power struggle. The last time this combination appeared – between October 15 and October 28 – HBAR jumped 41% immediately after.
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The second clue appears in the Money Flow Index (MFI), which tracks buying and selling pressure with price and volume together. Between November 23 and December 1, the HBAR price continued to make lower highs while MFI made higher highs. This divergence shows that the dips are acquired silently. A similar divergence formed between October 6 and October 24 and led to a 33% jump once it ended.
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The third piece of evidence comes from the steady demand for ETFs. demonstrated My Spot Canary HBAR Exploitation Fund Weekly net positive revenues in four of the last five weeks, with cumulative inflows of more than $80 million. The flows are lower than at the end of October, but they are still positive even with the decrease in price, which means that the general demand has not disappeared.
These three pieces of evidence—the changing volume control, buy-the-dip pressure, and persistent ETF inflows—show the first accumulation forming beneath the surface.
Key price levels for HBAR will determine whether the recovery can hold
The lower limit of the wedge near 0.122 represents the most important support for HBAR currently. The maintenance of this area keeps alive the problem of reversion. Losing it exposes the next key zone near 0.079, which will turn the structure from “early accumulation” to a deeper slide.
To show strength, HBAR needs to recover 0.140 first, which is a 5% retracement from the current level. This would show that buyers have finally overcome the selling pressure. If 0.140 is broken, the next key level is at 0.155. Exceeding 0.155 opens the way towards 0.169 and even 0.182 if the digital currency market improves.
