Hedera (HBAR) remains entrenched in a month-long downtrend, with its price struggling to attract meaningful demand and currently trading around $0.0903. The token has failed to inspire investor confidence, leaving recovery attempts muted and capital inflows weak. This persistent bearish structure has kept HBAR trapped below declining resistance, with the overall trend remaining weak.
Futures positioning reveals a significant risk for bearish traders. The liquidation map indicates a clear bearish skew, with short contracts carrying greater exposure than longs across key price levels. This setup creates a potential squeeze scenario: if HBAR can break its downtrend and rally toward the $0.1035 resistance level, nearly $5 million in short positions could face liquidation. Such an event would force bearish traders to cover their positions, potentially injecting sudden buying pressure and shifting short-term market sentiment.
On-chain and technical signals present a mixed picture. The Chaikin Money Flow (CMF) showed a bullish divergence earlier this week, trending higher while price made lower lows, suggesting selling pressure was easing. However, confirmation is absent as the CMF has yet to cross above the zero line, which would signal that inflows are dominating outflows. Capital continues to leave HBAR, albeit at a slower pace.
Technical analysis highlights critical price levels. HBAR is currently testing support around $0.0901. A breakdown below this level would expose the token to further losses, potentially sliding toward $0.0830 and extending declines to $0.0751, which would fully invalidate any bullish thesis. On the upside, immediate resistance sits near $0.10, with a more significant red resistance zone between $0.126 and $0.177 where bullish momentum would need to build to change the existing bias.
Market data reflects the ongoing pressure. Hedera is trading at $0.09083, down 2.29% in the past 24 hours, with a market capitalization of $3.90 billion and 24-hour trading volume of $83.58 million. The token ranks 34th in the market and remains more than 84% below its all-time high of $0.57 from September 2021. Momentum indicators like the MACD remain below the zero line, and the RSI (14) is in the mid-to-high 30s, placing HBAR in oversold territory but not yet signaling long-term strength.
The near-term outlook hinges on whether HBAR can break its downtrend. Continued consolidation above the $0.0901 support would reduce immediate downside risk. If inflows begin improving alongside price stability, HBAR could advance toward the $0.1030 resistance, potentially triggering the short squeeze. However, until the token regains established resistance levels, any uptrends are considered corrective rather than trend-defining.
