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HBAR has fallen almost 31% over the past month, even after registering a strong 27% rebound between November 21st and 23rd. This rebound still takes about 11% of the gain on the weekly chart, but the movement is set again.
The token has spent almost an entire week trading between two close price levels, and it looks like this tight range is ready to break out. The basic signs now indicate. However, the signs indicate that the tension may not be in favor of Taurus.
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Momentum signal trending against Hedera
HBAR weak wound Immediately after recovery. Between November 23rd and 26th, the price formed a lower high while the RSI recorded a higher high.
RSI, or relative strength index, measures momentum. When momentum rises and the chart prints a lower high, it creates a hidden bearish divergence, which often indicates that a downward trend could continue.
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Overall trend of HBAR It still shows a 31% drop in the past month, so the setup fits the pattern.
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The volume of data points in the same direction. OBV, or volume on scale, tracks whether real buyers or sellers dominate.
The OBV of HBAR is still stuck below the downtrend line, and between November 25 and 28, the price made a higher low, but the OBV made a lower low.
This is a bearish divergence, which indicates the weak strength of the buyers, even when the candles are trying to stabilize. As long as OBV is trading below the trend line, pressure remains on the upside.
Both differences reinforce each other. They explain why the 21-23 November rebound could not build in a sequential way and why the current range seems unstable.
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As the impulse fades and the buying pressure decreases at the same time, the market can try to extend the previous trend.
HBAR price levels: 1 range, 2 results
The price is moving HBAR Between $0.151 in an uptrend and $0.140 in a downtrend almost a week ago. It is the same narrow range mentioned earlier.
Now the momentum signals indicate that this range is about to break down.
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If the $0.140 level breaks, the chart opens a move towards $0.122, which is the last support zone. Confirmation of a clear breakout of the nearby candle below $0.140 eliminates the rest of the weekly rebound.
To fail the bearish rule, the whole structure must change. OBV must break above its downtrend line to buy pressure to reverse.
HBAR should also close above $0.151, a level it has not surpassed since November 16.
Until the conditions are met, the price of HBAR remains at risk. The range may not hold if the broader market weakens again, and the next move may come quickly when it breaks or holds the $0.140 line.
