HBAR’s Unlikely Rebellion: Technical Temptations vs. Blockchain Ennui (With Charts!)

by

HBAR, the coin that so many have tried to love, flickers in the cryptic dusk once more. It writhes out of the sideways malaise—not with a triumphant roar, but a series of technical coughs: RSI divergence, funding rates finally wobbling up, and, in a moment that feels as rare as a Russian summer, CMF daring briefly to cross zero. Yes, there’s movement—a trembling hope—though, as Tolstoy might say, “All happy blockchains are alike; each unhappy token is unhappy in its own way.” 🪙✨

Beneath the shiny turmoil, however, a secret grief persists—development activity plummets, with the kind of listlessness normally reserved for Moscow afternoons in late November. Surely, one wonders, is this rally vodka, or is there substance in the glass? Or is it merely another spectral flicker in the ledger of disappointment?

Funding Rates: Bulls Wake Up, But No One’s Throwing a Party Just Yet

The futures crowd yawns, stretches, and—reluctantly—leans bullish. Funding rates, like the optimism of an overconfident chess player, inch upward: green candles aplenty, as long positions throw coins to the shorts. Euphoria, though, is missing—everyone nods in cautious agreement, but no one dares to say “moon.”

Back in the sepia-tinted days of Autumn 2024, this very pattern briefly sent HBAR skyward. Yet, the air smells faintly of déjà vu and impending retrace, as if history were playing an old Soviet TV rerun.

CMF: Money Flow Crosses Zero—Did Anyone Notice? 🤷‍♂️

At last, the Chaikin Money Flow stirs, climbing above zero like an exhausted poet at dawn. The reading? A shaky +0.01, faint—almost apologetic. Can one build a revolution on such numbers? Skeptics mutter, but the indicator, when paired with RSI and a price upturn, almost convinces you something is happening. Almost.

Yet, as with rumors at a dinner party, one crossover does not make a movement. Still, the crowd whispers, eyes darting between the candles and the nearest exit.

Where Are the Builders? (Or, The Mystery of the Vanishing Developers)

As price and sentiment put on their party masks, Hedera’s development chart resembles a Dostoevsky character’s mood: bleak. The purple line—solemn and unyielding—slides from its March heights, refusing every attempt at cheer.

At this rate, you’d be forgiven for thinking the devs are on a sabbatical to Lake Baikal, or perhaps lost in existential reflection. Progress sleeps, and the ecosystem snoozes beside it.

Price Dances at the Brink—Cue Dramatic Music 🎻

HBAR, ever the tragic protagonist, teases at the edge of a descending trendline. Resistance at $0.162 waits with the patience of a babushka at a bread line, tested three times, never yielding.

Still, there’s poetry here: price droops, but RSI—plucky and naïve—climbs higher, promising a breakout, or at least a decent plot twist before the next commercial break.

If HBAR breaks the $0.162 curse, the next chapters are $0.178, then $0.217, where new hopes can be dashed. But fail here—and expect a return to $0.143, accompanied by the quiet sighs of traders recalling lost dreams. If only developers coded as quickly as prices rally on rumors.

Read More

2025-07-08 05:41