HBAR Elder-Ray Index Signals Sustained Selling Pressure

HBAR’s Elder-Ray Index has remained in negative territory for the past six consecutive daily sessions, reflecting a persistent accumulation weakness. This momentum indicator compares price action to a moving average to gauge the balance between buying and selling pressure. Positive values typically indicate buyer control, while negative readings point to seller dominance.

The current sequence of red histogram bars underscores sustained selling pressure and fading bullish momentum, suggesting that sellers have maintained the upper hand in HBAR’s market over the past week.