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Cryptocurrency News Articles

HBAR (Hedera Hashgraph) Price Analysis: Will Non-Farm Payrolls (NFP) Data Trigger a Bigger Drop?

Feb 07, 2025 at 09:10 pm

In our last analysis, we pointed out that HBAR was leaving supply above while targeting lower demand zones. The short-term trend was bearish on M15

HBAR (Hedera Hashgraph) Price Analysis: Will Non-Farm Payrolls (NFP) Data Trigger a Bigger Drop?

In our previous analysis, we highlighted how HBAR was leaving supply above while targeting lower demand zones. The shorter-term trend was bearish on M15, but the broader H1 structure remained bullish.

Let’s quickly recap what happened next.

HBAR didn’t quite reach the supply zone but got close before continuing its trend downward. Eventually, it hit the expected demand zone and started to react—although not with the strongest momentum.

Now, what’s next for HBAR?

We have two more demand zones underneath. Given the weaker reaction at the first level, there’s a chance the price might dip lower before making a stronger move.

Oh, and let’s not forget—Non-Farm Payrolls (NFP) data is coming out soon, which means volatility is about to spike.

Could this trigger a bigger drop? Or will buyers step in aggressively at lower levels? It’s hard to say for sure.

The market doesn’t follow a script—it does what it wants, and all we can do is prepare for different scenarios.

Final Thoughts

For now, HBAR is sitting in an interesting spot. The overall structure still leans bullish, but a deeper move into demand can’t be ruled out. As always, risk management is key—let’s see how the market reacts post-NFP!

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Other articles published on Feb 08, 2025