Hedera (HBAR): Navigating Price Action and Losses - Is a Breakout Imminent?

HBAR struggles to shake off recent losses, but bullish traders see potential. Will Hedera break key resistance, or is further decline in store? Let's dive into the price action.

Hedera (HBAR) has been on a wild ride, grappling with volatility and struggling to bounce back from recent dips. The big question: can HBAR overcome this downtrend, or are more losses on the horizon?

Traders Optimistic Despite Challenges

Despite the recent price struggles, traders are showing a lot of love for HBAR. Funding rates have been consistently positive, meaning more investors are betting on HBAR's future. This bullish sentiment suggests confidence in a potential price recovery. These investors believe HBAR can rebound from its current funk.

The macro picture reveals that short traders might be in for a world of hurt if HBAR's price takes off. Liquidation maps show that about $38 million in short contracts could be wiped out if HBAR breaks its downtrend and hits $0.163. That's a pretty penny!

Key Price Levels to Watch

As of now, HBAR is hovering around $0.148, just below the crucial resistance level of $0.154. A successful breakthrough here would be a major win for HBAR. If HBAR can flip $0.154 into support, we could see it climb to $0.163, potentially triggering that short liquidation and fueling further upward movement.

However, it's not all sunshine and rainbows. If the broader market takes a bearish turn, HBAR could tumble to $0.139. Losing that support would be a bad sign, potentially sending the price down to $0.133 and crushing the bullish hopes.

Analyst's Perspective: Support and Recovery

Crypto analyst Finora points to a key support range between $0.14300 and $0.13842 for HBAR/USDT. The 4-hour chart indicates stabilization above $0.14400, which is seen as a foundation for potential upward movement. If we see a reversal candle or a liquidity sweep within this zone, targets are set at $0.15649 and $0.16335.

The analyst also notes that even if the price dips below $0.13842, a strong reaction from buyers could still make a long position viable. However, a close below this level without recovery would invalidate the bullish outlook. Risk management is focused on observing price structure around the recent swing low.

Accumulation and Momentum Shift

Recent data shows a 1.72% increase in HBAR, reaching about $0.15. A steady uptrend began recently, marked by higher lows and consistent upward peaks. The rise seems based on steady accumulation rather than speculative frenzy, which is generally a healthier sign. Volume behavior has been consistent, lacking abnormal surges.

While the daily chart still reflects a downtrend, recent candles show signs of stabilization near $0.14677. HBAR still needs to reclaim resistance zones above $0.16 to confirm a real change in direction.

Indicators: Cautious Optimism

The Bollinger Band Power (BBPower) indicator remains negative, signaling lingering bearish momentum, but reduced selling intensity is visible. The Relative Strength Index (RSI) has crossed above its moving average, suggesting weakening downside momentum. Current signals are neutral to slightly positive, indicating cautious recovery rather than a full-blown reversal.

The Bottom Line

HBAR is at a critical juncture. Bullish sentiment is there, but breaking through key resistance levels is essential. Keep a close eye on those price levels and market indicators. Will HBAR defy the odds and surge forward, or will it succumb to further losses? Only time will tell.

So, grab your popcorn, folks, and watch the show! Will HBAR be the comeback kid, or will it be another crypto casualty? Either way, it's gonna be interesting!