Hedera (HBAR) Rally Pauses Despite Surge of $2.46 Million in Spot Inflows
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Hedera’s HBAR has recently seen a notable increase in spot inflows, with $2.46 million entering its markets on Tuesday. This surge has pushed the altcoin's price up by 2% in the past 24 hours, benefiting from a broader market recovery trend.

Despite the renewed interest indicated by the inflows, data suggests that the price surge may be temporary. Technical indicators signal that HBAR’s bullish momentum is currently weak, indicating a potential price correction may be on the horizon.

HBAR Bears Take the Lead

Today, HBAR recorded significant spot inflows totaling $2.46 million, the highest in over ten days. Spot inflows signify new capital entering the market through direct asset purchases, suggesting a resurgence in investor interest and a potential short-term price boost.

Despite the influx of capital and the price uptick, bearish sentiment looms over HBAR. The Awesome Oscillator (AO) for HBAR continues to display red histogram bars, indicating weakening bullish pressure and strengthening bearish momentum. This hints at a potential reversal in HBAR’s price direction in the near future.

Additionally, readings from the Moving Average Convergence Divergence (MACD) indicator further support the bearish outlook for HBAR. Currently, the token's MACD line (blue) is below its signal line (orange), reflecting bearish momentum. This suggests that selling activity outweighs buying interest, exerting significant downward pressure on the token's price.

If bearish pressure intensifies, HBAR might retrace its recent gains and decline towards $0.26. Failure to hold this support level could result in a further drop to $0.24. On the contrary, if bullish momentum regains strength and the upward trend continues, HBAR’s price could surpass $0.33 and aim for $0.40.

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