Hedera's HBAR Faces Market Correction with Potential Rebound Indicators

Hedera's HBAR has experienced a significant decline of nearly 35% since mid-January, reflecting a broader market correction. According to NS3.AI, technical indicators such as the falling wedge pattern and money flow divergences indicate a possibility for a rebound. Despite the activity of dip buyers, as evidenced by the Chaikin Money Flow (CMF) and Money Flow Index (MFI), weakening volume trends and a recent break in On-Balance Volume (OBV) present risks to sustained price increases. The critical support level around $0.076 will be crucial in determining whether HBAR can rally or face further declines toward $0.062 and $0.043.