HBAR's Balance of Power (BoP) indicator has recently flipped negative, currently reading -0.87. This suggests a shift in market sentiment, with selling pressure outweighing buying interest. The BoP is a momentum indicator that gauges the strength between buyers and sellers, and a negative value like this typically signals that bears are in control.
This bearish turn in the BoP reflects a waning demand for HBAR and could indicate further downside risk unless buying momentum returns. Traders may want to remain cautious in the short term as this shift could mark the beginning of a broader correction or continued weakness.
This bearish turn in the BoP reflects a waning demand for HBAR and could indicate further downside risk unless buying momentum returns. Traders may want to remain cautious in the short term as this shift could mark the beginning of a broader correction or continued weakness.
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Full story here beincrypto.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.