Hedera cryptocurrency recorded its first positive capital flow in seven days, attracting $1.85 million in fresh investments on Monday. This influx marks a significant shift from recent market behavior and aligns with broader cryptocurrency recovery efforts following weeks of volatility.
The altcoin's sudden inflow represents the first instance of positive capital movement after a week of continuous outflows, according to data from on-chain analytics provider Coinglass. Between March 11 and 16, HBAR faced persistent selling pressure, with spot outflows exceeding $10 million. Monday's reversal suggests investors may be regaining confidence in the digital asset's potential.
"This latest inflow suggests a bullish reversal in market sentiment, hinting at a possible recovery as investors regain interest in HBAR," noted market analysts familiar with the cryptocurrency's performance patterns.
Technical indicators further support this emerging positive outlook. The Balance of Power indicator, which measures the relative strength of buyers against sellers, currently stands at 0.62 and displays an upward trend. This metric suggests buying pressure has begun to outweigh selling pressure for the first time in over a week.
The BoP indicator's position above the midpoint threshold typically signals growing demand and potential price appreciation. Market technicians observe that sustained positive readings often precede continued upward price movement, though volatility remains a consistent factor in cryptocurrency markets.
HBAR currently trades at $0.19, positioning itself above the established support level of $0.17. Analysts suggest this price point represents a critical threshold that bulls must maintain to sustain recovery momentum.
With growing demand, the altcoin could target the resistance level at $0.22 in the near term. Breaking through this barrier would potentially open a path toward $0.26, a price point last reached on March 4, representing a significant recovery milestone if achieved.
Technical chart analysis indicates multiple resistance zones between current prices and the $0.26 target. Traders remain cautious despite the positive capital movement, acknowledging that cryptocurrency markets often demonstrate unexpected reversals.
The bullish outlook would face invalidation if selling pressure reemerges and profit-taking accelerates. Under such circumstances, HBAR's price could retreat to test the $0.17 support level again. Failure to hold this threshold could trigger further declines and erase recent gains.
Market participants will closely monitor capital flow trends in the coming days to determine whether this single positive influx represents the beginning of a sustainable trend or merely a temporary interruption to the previous week's outflow pattern.