HBAR Price Drops — But Something Unusual Is Taking Shape
The HBAR price looks weak after a sharp monthly drop, yet a rare chart signal may be hinting at a quiet setup no one’s watching.
The HBAR price has come under pressure again, falling 3.2% in the past 24 hours to trade around $0.195. While most large-cap tokens have traded flat, Hedera stands out as sellers try to erase last week’s 12.7% gain.
The overall structure remains weak, but one shorter-term setup on the charts suggests that a small rebound may be forming before the next significant move.
Do note that the big move isn’t expected to be bullish, yet!
HBAR’s daily price chart signals clear exhaustion. Between October 6 and October 31, the price made lower highs, while the Relative Strength Index (RSI) formed higher highs. This pattern, called a hidden bearish divergence, usually signals that the broader downtrend is likely to continue.
RSI measures buying versus selling strength, and this divergence shows buyers are losing control even as the price attempts small recoveries.
Author's summary: HBAR price drops with unusual chart signal.
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