HBAR Is Close to Losing Its Only Bullish Setup Despite The Price Rise – Here’s Why

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Well, well, well. HBAR‘s price managed to do a little happy dance, recovering almost 26% from its November 21 low near $0.12. And it’s up 4% in the last 24 hours. Look at that short-term recovery go! But… don’t break out the confetti just yet. 🎉

Here’s the deal: that bounce? Doesn’t look too convincing. The one shining light on this chart, the bullish setup, is rapidly becoming a distant memory. And the indicators? Oh, they’re showing more “meh” than “wow,” with strength fading faster than my motivation to go to the gym after a pizza night. 🍕

Here’s the Cup-and-Handle Drama: It’s Weakening Fast

So HBAR’s only shot at a short-term bullish case is hanging on by a thread. It’s chilling on the 4-hour chart with a cup-and-handle pattern, which is like the universal symbol for “Hey, maybe this is going to work.” But here’s the catch: for this to actually work, the price has to break above $0.147 first. Spoiler: it hasn’t yet.

And if HBAR manages to close above $0.158, we might just see a little more action toward $0.194. A nice dream, right? But if it falls under $0.143? Goodbye, bullish setup. Hello, sad face. 😢

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Now, let’s get to the juicy part.

The Bull Bear Power (BBP) indicator, which sounds like something out of a superhero movie, has been showing signs of weakness since November 23. It’s still positive, but it’s definitely losing its grip. The buyers? Losing control, just like I lose my keys every time I leave the house. 🙄

This is all part of the consolidation drama, but HBAR’s losing steam faster than my patience with slow internet speeds. If the price dips below $0.143, the cup-and-handle pattern does the ultimate flop. And poof! No bullish trigger left. 🙅‍♀️

Big Money Flow Isn’t Exactly Rolling in the Dough

Yeah, there’s more. HBAR is still trapped inside a falling channel, which is just a fancy way of saying it’s going down… like my hopes of a smooth breakout. The price bounced 27% on November 21 after hitting the lower channel band, but the move faded faster than the lifespan of an Instagram trend. 📉

And here’s where the Chaikin Money Flow (CMF) comes in. CMF is basically the “big money” detector for crypto. But guess what? It’s been stuck under its trendline since early November. It hasn’t crossed above zero, which means big money isn’t jumping in to save the day. Remember when CMF failed on November 8-10? Yeah, that led to HBAR losing value too. So… big money, big nope. 😬

Until CMF finally breaks its trendline and moves above zero, every little bounce is just a reaction, not a trend change. Sorry to burst your bubble, but even the cup-and-handle breakout is at risk of flopping like a bad reality show.

HBAR Price Levels: Can It Actually Break Out? 🤔

The daily HBAR price action is basically confirming what we already know: this is all just one big “meh.” To actually get higher, HBAR needs to break:

  • $0.169 – the resistance from the 0.618 retracement and the upper trendline of the falling channel. Big deal, right?
  • $0.182 – the tougher daily resistance. No biggie.

But guess what? These levels only matter if HBAR breaks the key cup-and-handle levels first-$0.147 and $0.158. And that’s where the real fun begins. Spoiler: I’m not holding my breath. 😤

The downside still looks way more appealing than the upside. If the price closes under $0.140, we’re looking at a drop to $0.122, which was the November 21 low. Yikes. And don’t even get me started on invalidating the cup-and-handle pattern if it dips below $0.140. Not great, Bob. 🚨

Oh, and just one more thing: that lower trendline of the falling channel? It’s got just two clean touch points. It’s structurally weaker than my resolve to skip dessert. So, breaking below it wouldn’t take much effort if selling pressure picks up again. Who needs effort, right?

To cancel out the bearish vibe, HBAR needs to reclaim $0.169 and then $0.182. If that happens, there’s a tiny sliver of hope for a move toward $0.198. But that requires some serious bull power. And a full CMF recovery. And maybe a miracle. 🤞

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2025-11-24 21:27