HBAR Declines Below Key Level Despite Increased Total Value Locked

HBAR has fallen below a crucial head-and-shoulders neckline, indicating potential further declines. According to NS3.AI, Hedera's Total Value Locked has surged by over 50%, reaching approximately $60.4 million. Despite this increase, retail traders continue to buy the dip, as evidenced by a rising Money Flow Index and recent exchange outflows totaling around $526,770. However, the Chaikin Money Flow has turned negative, suggesting bearish sentiment. The current pattern suggests a potential downside toward approximately $0.079 unless HBAR can reclaim resistance zones between $0.101 and $0.107.