Hedera Hashgraph (HBAR) is in a position to bounce back from recent lows as market sentiment improves, indicating a potential resurgence of HBAR buyers.

Recent assessments of technical indicators suggest a growing demand for the token, indicating a possible price recovery.

Positive signs are emerging for HBAR's recovery as technical metrics show an increase in buying activity by investors. The Balance of Power (BoP) indicator for HBAR has shifted in favor of the bulls, currently standing at 0.21, highlighting the dominance of buyers in the market and their influence on price movements.

Furthermore, the On-Balance Volume (OBV) for HBAR is on the rise at 38.66 billion, confirming the upsurge in buying pressure and positive momentum in the spot markets. This surge in OBV signifies an increase in demand and the potential for a price upturn.

The Relative Strength Index (RSI) for HBAR is steadily climbing at 52.53, indicating a growing bullish momentum and heightened buying pressure. If this trend continues, there is the possibility of HBAR surpassing the $0.20 threshold to reach $0.23.

Nevertheless, should selling pressure intensify, HBAR may resume its decline and dip below $0.19, with a potential further drop to $0.12 if bearish sentiment persists.