What to Expect From Hedera (HBAR) Price in November

Hedera (HBAR) traders approach November with mixed sentiment; despite the token dropping 32.6% in the last three months, November has historically been a strong month for HBAR, gaining significantly in previous years.

Currently, HBAR lacks critical big-money backing, as indicated by a negative Chaikin Money Flow (CMF) of -0.13, contrasting sharply with last November's positive CMF of +0.26. However, the derivatives market shows significant short interest ($37.94 million) compared to longs ($23.78 million), concentrated around the $0.18-$0.19 range. A slight price increase following the FOMC meeting, especially if the Fed signals dovishness, could trigger a short squeeze, potentially pushing the price toward $0.22 or $0.26.

On the two-day chart, HBAR is in a symmetrical triangle, but a hidden bearish divergence (lower price highs, higher RSI highs) suggests the downtrend might continue. A close above $0.20 could break the triangle's upper boundary, targeting $0.26 (a 44% rise). Conversely, a drop below $0.17, triggered by the divergence, points toward downside targets of $0.14 or $0.10. Ultimately, November's move may hinge on derivatives activity rather than institutional inflows.

(Source：BeInCrypto)