Hedera (HBAR) traders are heading into November with mixed expectations. The token has dropped 32.6% over the past three months, weighed down by broader market caution, but HBAR price history says the next few weeks could look very different.
November has been one of Hedera’s best-performing months on record, gaining 14.5% in 2023 and an incredible 262.5% in 2024. With the FOMC meeting wrapping up on October 29 and possible rate cuts in sight, traders are wondering whether another big move could be brewing for November.
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Weak Big-Money Backing Despite Strong Historical Record
Over the years, HBAR has shown a strong seasonal bias for November rallies. But this time, it’s missing one critical element — whale support.
The Chaikin Money Flow (CMF), an indicator that tracks how much capital is entering or exiting the market, sits at –0.13 on the daily chart. A positive CMF shows money flowing in, but negative readings mean investors are pulling funds out.
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Last November, CMF hovered near +0.26, a sign of strong institutional buying. The current downtrend shows that large investors are still holding back.
Despite that, HBAR’s long-term data shows an average November gain of 41%, keeping optimism alive if the macro setup turns supportive after the Fed meeting.
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