HBAR Flashes a Familiar 40% Warning, But Positioning Hints at a Different Outcome

Hedera (HBAR) is exhibiting a hidden bearish divergence on the daily chart—where price makes a lower high while the RSI makes a higher high—a signal that preceded a 44% crash earlier this year. However, current market conditions suggest a different outcome this time. Previously, the crash was fueled by excessive bullish positioning, high open interest ($68 million), and positive funding rates, leading to massive liquidations. Currently, open interest is lower ($61 million) and funding rates are negative, reducing the risk of a cascading liquidation event. Furthermore, demand strength, measured by the Money Flow Index (MFI), is rising as prices correct, indicating that dip buyers are absorbing selling pressure. HBAR is trading near dynamic resistance at the 20-day EMA; key levels to watch are support at $0.092 and resistance at $0.107, which could determine the next major move.

(Source：BeInCrypto)