HBAR Price Faces Stagnation Before Key Network Upgrade
The post HBAR Price Faces Stagnation Before Key Network Upgrade appeared on BitcoinEthereumNews.com.
Hedera Hashgraph is set to implement a mainnet upgrade later today. However, despite the anticipated network improvement, its native token HBAR is already showing signs of fatigue. HBAR’s price action has cooled off over the past three days, indicating a period of stagnation. With buying pressure starting to drop, the altcoin eyes a pullback over the next few trading sessions. HBAR Rally Falters as Traders Lose Confidence Readings from the HBAR/USD one-day chart show that the altcoin posted significant gains between July 9 and July 20. During that period, HBAR’s value rocketed by 59%. However, over the past three days, this bullish momentum has stalled. While the token has recorded a modest 2% spike in price over the past 24 hours, it is accompanied by a 34% decline in trading volume. This forms a negative divergence that usually precedes short-term corrections. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. HBAR Price and Trading Volume. Source: TradingView When an asset’s price climbs while trading volume falls, it suggests weakening conviction behind the move, as fewer participants are driving the price higher. This negative divergence signals that HBAR’s rally over the past day merely mirrors the broader market growth and may not be sustainable in the short term. Moreover, HBAR’s Balance of Power (BoP) indicator has flipped negative, confirming the waning demand and negative shift in trader sentiment. As of this writing, this momentum indicator stands at -0.57. HBAR BoP. Source: TradingView The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is negative, sellers dominate the market over buyers and put downward pressure on the price. Can the Upgrade Save HBAR From Sliding Below $0.26? As the market…
Filed under: News - @ July 23, 2025 5:28 pm