HBAR Price Needs A Near 40% Rally To Recover November Losses
Hedera (HBAR) is consolidating sideways, requiring a near 40% rally to overcome recent losses amid bearish sentiment.Summary
Hedera (HBAR) is currently trading sideways, struggling to gain momentum after a significant drop, and requires a substantial catalyst for recovery. Market sentiment, indicated by negative funding rates on major exchanges, suggests traders are opening short positions, anticipating further decline, although these rates are volatile. Furthermore, HBAR's Relative Strength Index (RSI) remains below the neutral 50 level, signaling weak momentum and ongoing market pressure. Currently trading at $0.144, HBAR must break the $0.145 resistance to target $0.154. To fully recover its November losses, HBAR needs a rally of approximately 40% to reach the $0.200 region, which necessitates overcoming several resistance levels, starting with $0.154.
(Source：BeInCrypto)