Technical analysis by BeInCrypto about Symbol HBAR on 10/9/2025

Readings from HBAR’s Elder-Ray Index strengthen the bearish outlook against its price. At the time of writing, the indicator stands at -0.01132, signaling that sellers currently have control. The Elder-Ray Index evaluates the balance between bullish and bearish forces by comparing Bull Power (buying pressure) and Bear Power (selling pressure). A positive reading typically indicates stronger buying momentum and the potential for an uptrend. Conversely, the negative value now seen in HBAR suggests that bearish sentiment dominates, reinforcing the likelihood of continued downward pressure in the short term.