HBAR is in a hurry. The token's price has fallen nearly 2% in the last 24 hours and nearly 10% over the week. At the same time, the price of HBAR has broken several short-term support levels and is now close to $0.12.

This level is critical. HBAR is just about a percent above the support level, the breach of which could drop the price towards $0.10. This would mean a drop of up to 12-13% from the current level. However, one bullish signal is keeping the structure intact. If this fails, the decline could accelerate.

Large investors are pulling back and the setup is weakening.

The main pressure particularly comes from how large HBAR holders act.

This is reflected in the Chaikin Money Flow (CMF) indicator, which tracks whether large money is coming into or withdrawing from an asset by combining price movements and volume. When the CMF is above zero, large buyers are active. When the CMF falls below zero, distribution occurs.

With HBAR, the CMF has sharply weakened. After December 7, the CMF has dropped over 400% and moved deep into negative territory. In previous dips, the CMF remained positive, meaning buyers absorbed the selling pressure. This time, support has been lost.

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A clear bearish divergence is also highlighted. Between October 10 and December 14, HBAR's price forms higher lows, while the CMF still shows lower lows. This indicates that the recent price stabilization has not been supported by large buyers.

Simply put, the price tried to stay up while the big money quietly exited. This imbalance makes the HBAR price vulnerable.

One bullish signal still holds the floor level.

Although the outlook for large investors is weak, sentiment indicators still show a bullish sign.

This is the Relative Strength Index (RSI), which measures the strength and speed of recent price movements. It helps assess whether selling pressure is starting to ease. Values near 30 often indicate an oversold condition.

In the daily chart of HBAR, the RSI has formed a bullish divergence. Between November 21 and December 14, HBAR's price made a lower low while the RSI made a higher low. This is a classic bullish divergence and often a sign of a potential reversal.

P.S. The HBAR price is in a clear downtrend, down over 48% in three months.

This indicates that sellers are still pushing the price lower, but the strength is weakening each time. The decline continues, but the sentiment among sellers is deteriorating. Currently, this RSI divergence is the only bullish card left for HBAR.

Is the HBAR price falling or reversing direction?

Price development determines the outcome. HBAR is trading below a descending trend line that has capped every price rally for weeks. At the same time, the price is above trend-based Fibonacci support near $0.12. This line forms the base of a descending triangle, complemented by a descending trend line.

This area is the last line of defense.

If $0.12 clearly breaks, the next significant support level is found near $0.10. This would see a 12-13% dip and the bear market would continue.

To stabilize the situation, the HBAR price should rise back to $0.13. It would hit an important Fibonacci retracement area and indicate that buyers are returning to the market.

Only a clear move above $0.13 would change the structure to neutral by lifting the price back above the descending trend line.