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The HBAR token, despite recent downward pressure, shows subtle signs of a potential short-term rebound. While indicators like the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) point to a continued bearish outlook, suggesting a broader downtrend and significant capital outflows, some intraday charts hint at a temporary recovery. This complex interplay of signals creates a critical juncture for HBAR, where upcoming price movements will determine if a brief upturn materializes or if the prevailing bearish sentiment strengthens, potentially leading to further declines.

HBAR's Underlying Weakness and Bearish Signals

The HBAR token has recently seen its value decrease, notably dropping by 3.2% within a 24-hour span to approximately $0.195. This decline contrasts with the relative stability of other major cryptocurrencies, indicating specific pressure on Hedera. An examination of its daily price chart reveals an ongoing state of exhaustion, characterized by a hidden bearish divergence. This pattern, where the price records lower highs while the Relative Strength Index (RSI) registers higher highs, typically suggests that the prevailing downtrend is likely to persist. Such a divergence highlights that despite attempts at recovery, buying momentum is weakening, with sellers maintaining control.

Further corroborating this bearish outlook, the HBAR price has experienced a significant decline of nearly 13% month-on-month, reinforcing the established downtrend. The Chaikin Money Flow (CMF) indicator also supports this assessment, showing a consistent outflow of capital from HBAR since October 28, with its value dropping below zero to -0.09. This negative CMF reading signals that institutional investors and large holders are progressively exiting their positions, contributing to the selling pressure that has kept HBAR underperforming compared to the broader market. This confluence of technical indicators paints a clear picture of underlying weakness and a strong bearish bias for the token.

Potential for a Short-Term Rebound

Despite the prevailing bearish structure, the 4-hour chart for Hedera (HBAR) presents a nuanced picture, hinting at a potential near-term rebound. A hidden bullish divergence has been observed between October 31 and November 2, where HBAR's price formed a higher low while its Relative Strength Index (RSI) registered a lower low. This specific pattern often precedes quick, albeit temporary, price recoveries in otherwise weak market conditions. While this divergence does not signal a reversal of the broader downtrend, it suggests that short-term buyers might be entering the market, creating a window for an upward price correction.

Traders are closely watching the $0.204 level, as a clean close above this point, which has previously acted as resistance, could trigger a brief rebound towards the next resistance zone at $0.219. However, the situation remains precarious. Should this potential upward move fail, and the price fall below $0.189, further declines to $0.178 and potentially $0.168 could ensue. A daily close below $0.168 would effectively invalidate any prospects of a rebound, firmly confirming that the bearish trend remains dominant. This critical juncture demands careful observation, as HBAR navigates between short-term recovery potential and sustained downward pressure.