HBAR Price Still in Bear Claws — Here’s How It Might Just Squeeze Its Way Out
Despite recent gains, HBAR price remains under bearish pressure, but increasing buying pressure and a significant short bias suggest a potential price squeeze.Summary
Hedera (HBAR) price has experienced a slight dip recently, trading around $0.186, but remains up for the week and month. Despite this, the chart indicates continued bearish pressure due to a descending triangle pattern. However, signals suggest a potential shift: the On-Balance Volume (OBV) has consistently bounced with price dips, indicating sustained buyer interest, and the Smart Money Index (SMI) shows continued activity. A significant imbalance exists in the market, with short liquidations far exceeding longs, creating a classic short-squeeze scenario. If HBAR’s price rises to $0.18-$0.22, short traders may be forced to cover, amplifying buying pressure. Key price levels to watch include $0.196 for pattern invalidation, $0.206 as a breakout pivot potentially leading to $0.233, and $0.173 as a critical support level; falling below this could confirm bearish continuation.
(Source：BeInCrypto)