HBAR Faces a 31% Breakdown Risk — Dip Buying Tries to Push Back
HBAR price is near $0.118, facing a potential 31% slide if it breaks $0.108, despite bullish MFI divergence and shrinking short positions.Summary
The Hedera (HBAR) price is currently trading around $0.118, showing a slight daily gain but remaining down about 18% for the month, with its structure appearing fragile due to a bearish pole-and-flag pattern.
If HBAR loses the critical support level of $0.108, the pattern projects a potential 31% price slide. However, dip buying is attempting to counter this risk, evidenced by a bullish divergence between the price trend and the Money Flow Index (MFI) from December 9 to December 29, signaling returning demand.
Derivatives positioning shows an uneven picture: while smart money remains net short over 30 days, the size of short exposure is shrinking, and consistent winners are opening fresh longs, suggesting early doubt about the bearish continuation. For HBAR to avoid the breakdown, buyers must reclaim $0.120, with a move above $0.126 needed to significantly damage the bear flag structure.
(Source：BeInCrypto)