Hedera HBAR Shows Bullish Reversal Signals as Investors Accumulate During Dip

Hedera's HBAR token is displaying early indications of a potential rebound following an extended downtrend, with on-chain metrics revealing heightened investor confidence. The Chaikin Money Flow indicator has jumped to a two-month peak, signaling robust capital inflows during the asset's price weakness.

Technical indicators point to underlying bullish momentum, with the Relative Strength Index maintaining a firm position above the neutral 50.0 threshold. HBAR is currently trading at $0.237, encountering immediate resistance at $0.241—a level that previously limited gains earlier this summer.

Market participants appear to be positioning for a breakout, with $0.230 serving as critical support. A decisive move above $0.248 WOULD confirm a trend reversal, though failure to hold current levels could see HBAR test the $0.219 support level.