HBAR, the native cryptocurrency of the Hedera Hashgraph network, has seen a meteoric rise of over 180% in the past week. It currently trades at $0.13, a price high last observed in April 2024. 

However, this rapid ascent has pushed the token’s price into overbought territory. This overextension suggests that a price correction may be imminent for the HBAR token.

Hedera Traders Overextends Its Price

Readings from HBAR’s Relative Strength Index (RSI) confirm that its market is overheated. As of this writing, the indicator stands at 92.35, its all-time high. 

The RSI measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 suggesting that the asset is overbought and due for a decline. In contrast, values under 30 indicate that the asset is oversold and may experience a rebound. 

HBAR’s RSI reading of 92.35 indicates that it is in extremely overbought territory. It suggests that HBAR buyers have significantly outpaced sellers, driving the price to an unsustainable level.  While the asset’s price can continue rising in the short term, such a high RSI often precedes a correction or pullback.

Further, HBAR’s price has breached the upper band of its Bollinger Bands indicator, also confirming that it is overbought among market participants. 

The Bollinger Bands indicator measures market volatility and identifies potential buy and sell signals. It consists of three main components: the middle band, the upper band, and the lower band. 

The middle band is a 20-period moving average that serves as a baseline for the price trend. The upper band is calculated as the middle band plus two standard deviations of the price, accounting for price volatility above the moving average. The lower band is the middle band minus two standard deviations of the price, representing volatility below the moving average.

When the price trades above the upper band, it often suggests that the asset is overbought, as it has moved significantly higher than its average price. This could indicate the possibility of a price pullback.

HBAR Price Prediction: A Pullback Is Imminent

Once buyers’ exhaustion sets in, HBAR’s price will experience a pullback. At its current value, it trades above support formed at $0.12. When buying pressure starts to fade, it will test this price level. Should it fail to hold, the token’s price may plummet toward $0.11.

However, if the uptrend continues, the HBAR token will reclaim its cycle peak of $0.15 and attempt to rally past it, invalidating the bearish projection above. A successful break above this level will set HBAR on the path to trading at its year-to-date high of $0.18.

Shiba Inu’s recent rally brought significant optimism, with the meme coin recording a 65% rise this month. However, its upward trajectory has faced resistance, stalling attempts to continue its climb. 

Despite this, the shift in momentum presents a chance for SHIB to breach a key multi-month resistance level.

Shiba Inu LTHs Take Charge

The MVRV Long/Short Difference highlights a positive shift as long-term holders (LTHs) are back in profit for the first time in four months. Since mid-July, profits were primarily realized by short-term holders (STHs), typically a bearish signal. STHs often sell at profits, leading to increased selling pressure.

Conversely, LTHs are known for their HODLing behavior, often retaining supply for more than 12 months. This reduces sell pressure, providing price stability and support for Shiba Inu. The return of LTH profitability could play a critical role in stabilizing SHIB and supporting future price rallies.

Shiba Inu’s transaction volume has mostly been dominated by loss-bearing trades recently. This bearish activity overshadowed profitable transactions, raising concerns among investors. However, the scenario could shift as SHIB’s price consolidates and stabilizes.

As losses decrease and profits begin to rise, transaction volume trends may turn bullish. Stabilized prices typically attract investor confidence, which could encourage greater activity in profit-making trades. This shift in macro momentum suggests a potentially favorable outlook for SHIB’s recovery`.

SHIB Price Prediction: Supporting a Rise

Shiba Inu is currently trading at $0.00002503, holding above its support level at $0.00002267. The meme coin is now targeting a breach of $0.00002976, a key resistance level.

A consolidation between these ranges could allow SHIB to build momentum for another rally. Favorable market conditions would strengthen this possibility, giving the meme coin a chance to climb higher.

However, losing the critical support at $0.00002267 could result in a downturn. If SHIB slips to $0.00002093, it would invalidate the bullish thesis, potentially leading to a decline in investor sentiment

Ethereum began November with a remarkable 40% rally, but sustaining the momentum has proven challenging for the altcoin king.

As the price stabilizes above $3,000, a significant boost from institutional interest might help reignite Ethereum’s bullish trend. Ethereum ETFs are at the center of this resurgence, recording historic inflows.

Ethereum Has the Institutions’ Support

Over the past week, Ethereum ETFs experienced their largest weekly inflows since launch. BlackRock led the surge with a staggering $286 million, while the combined inflows across all ETFs reached $550 million. This influx reflects growing institutional confidence, driven by Ethereum’s price recovery and Bitcoin’s recent all-time highs.

The surge in ETF activity highlights institutional investors’ increasing reliance on Ethereum as a diversified asset. This trend is strengthening Ethereum’s position in the crypto market, potentially providing the momentum needed to overcome its recent price stagnation. Market sentiment appears to be favoring a bullish outlook.

Ethereum’s institutional demand extends beyond ETFs. According to the latest CoinShares ETP netflow report, November has already seen $789 million in Ethereum inflows from institutions. These large-scale investments reflect renewed interest in Ethereum as a long-term asset.

Additionally, large wallet holders are showing heightened activity, further validating Ethereum’s strong macro momentum. Their investments could be pivotal in driving ETH’s price upward, especially as institutions amplify their exposure to the cryptocurrency. This level of interest highlights Ethereum’s growing role as a key player in institutional portfolios.

ETH Price Prediction: Looking Forward

Ethereum is currently trading at $3,108, holding steadily above its critical support at $3,001. This level aligns with the 61.8% Fibonacci Retracement line, known as the bull market support floor, providing a stable foundation for potential gains.

Should institutional activity and positive market sentiment persist, Ethereum could breach the $3,248 resistance, enabling a continued uptrend. This move would position the altcoin king for further growth, solidifying its bullish trajectory.

decline would invalidate the bullish outlook, potentially dampening investor confidence. Ethereum’s ability to maintain momentum hinges on sustaining key support levels and capitalizing on its institutional backing.