HBAR Records Its First Spot Inflow in the Past Seven Days, Attracting $1.5 Million in Fresh Capital.

This marks a positive shift in market sentiment as investors regain confidence in the altcoin. It also aligns with the broader market's attempt to recover from recent downturns.

Capital has returned to Healthchain (HT) in a big way. In the seven days to March 15, the token saw $1.5 million in spot inflows, according to data from Glassnode. This is the first time the token has seen an inflow in a week.

It comes as the broader crypto market attempts to recover from recent sell-offs, with Bitcoin (BTC) and Ethereum (ETH) struggling to maintain gains above key technical levels.

Healthchain’s price has seen a strong uptick in recent times, having faced consistent selling pressure that saw over $10 million in spot outflows between March 11 and 16.

This latest inflow signals a bullish reversal in market sentiment as investors appear to be regaining confidence in the altcoin.

According to the on-chain data provider, Healthchain’s Balance of Power (BoP) is also in a positive trend at 0.62. This indicator measures the strength of buyers against sellers in the market to identify momentum shifts.

A reading above 0 indicates that buying pressure is outpacing selling pressure, suggesting growing demand and potential for the asset’s value to appreciate.

If Healthchain’s BoP remains positive, it confirms the bullish dominance, reinforcing the current buying pressure and supporting a sustained uptrend in the asset’s value.

Healthchain is currently exchanging hands at $0.19, trading above the support level at $0.17. As demand grows, the altcoin could climb toward the next resistance at $0.22.

A successful breakout above this level could propel Healthchain’s price to $0.26, a high it last traded at on March 4.

Conversely, the bullish outlook would be invalidated if sellers regain profit and profit-taking strengthens. In this case, Healthchain’s price could fall to $0.17.