HBAR investors’ sentiment shifts, thanks to these factors at play
The Hedera network is still one of the layer-1 blockchains that have been rapidly gaining popularity. While this was a big factor in HBAR’s bullish bounce since the start of the year, it has not been enough to prevent the loss of a third of its YTD gains.
Is your portfolio green? Check out the Hedera Profit CalculatorHBAR has so far declined by roughly 36% from its YTD peak in February.
However, it is now clear that the bears are losing their momentum after dominating for over three weeks now.Bullish signs are already starting to pile up, suggesting that a potential pivot might be in the works.Investors have been keen on the slowdown in HBAR’s momentum.
The recent spike in the weighted sentiment metric is a clear indication that investors have shifted to bullish expectations.In fact, the weighted sentiment just concluded last week with a surge to its highest level in the past four weeks.Source: SantimentAlso, the price volatility metric ended February at its lowest monthly level but it is now showing a return to higher volatility.
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