Hedera (HBAR) Price Eyes 57% Rally as Short Squeeze Looms Over Traders
BeInCrypto
Hedera (HBAR) price is poised for a potential 57% rally, driven by rising investor buying pressure and the threat of a short squeeze near $0.1084.Summary
Hedera (HBAR) price is showing signs of an upward breakout, supported by increasing buying pressure indicated by the Money Flow Index (MFI). A critical level to watch is $0.1084, where approximately $1 million in short positions could be liquidated, potentially accelerating the price surge. Currently trading around $0.1025 against resistance at $0.1030, HBAR is forming within a descending broadening wedge pattern, which projects a potential 57% rally upon confirmation. A realistic near-term target is $0.1234. However, sustained accumulation is necessary; a drop below the $0.0901 support level would invalidate the bullish outlook.
(Source：BeInCrypto)