Hedera (HBAR) Price Slips Amid Rising Short Positions and Bearish Signals Over the past days, Hedera’s native token, HBAR, has experienced a sharp decline and is currently trading around $0.18. This significant downturn is clearly...
Over the past days, Hedera’s native token, HBAR, has experienced a sharp decline and is currently trading around $0.18. This significant downturn is clearly visible in the 7-day price chart below :
This decline coincides with the HBAR long/short ratio dropping to 0.86, its lowest point in a month. A ratio below 1 indicates that short positions (bets on price declines) significantly outnumber long positions (bets on price rises), highlighting a strong bearish market sentiment.
Technical indicators further confirm this bearish scenario. The daily Chaikin Money Flow (CMF) indicator stands at -0.10, signaling substantial selling pressure. Negative CMF values reinforce the prevailing bearish sentiment.
The combination of intensifying bearish sentiment and unfavorable technical signals places significant pressure on HBAR’s crucial support level at $0.17.
If the token breaks this critical support, it could quickly descend towards a multi-year low near $0.11, a price not seen since November last year. Conversely, if buying interest returns, a bullish scenario might emerge, pushing HBAR toward resistance at $0.22. Successfully surpassing this resistance could further boost the price towards $0.26.
For now, market dynamics strongly favor short sellers, keeping HBAR at risk of additional price declines. Investors should closely monitor these pivotal price points.
Tom is a key member of InvestX and our in-house trading expert. He provides high-quality daily market analyses to our members and guides them through their learning journey, helping them enhance their expertise in the financial world.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
