- HBAR’s Long/Short ratio has climbed to 1.06, its highest in 30 days — signaling a shift toward bullish sentiment, even as the broader market struggles.
- Open interest has risen to $142 million, up 3% in 24 hours, suggesting traders are holding or adding positions despite a small price dip — a possible early sign of a price reversal.
- Profit-taking remains a key risk, but if buying momentum continues, HBAR could climb toward $0.17; otherwise, it may retest lower levels around $0.11.
The crypto market’s been a bit of a rollercoaster lately (surprise, surprise), but not every chart is doom and gloom. Hedera (HBAR), in particular, has been making some subtle moves that hint a price reversal might be brewing. One key signal? Its Long/Short ratio just hit a 30-day high — and that’s not something to brush off.
Long/Short Ratio Hits 30-Day Peak — What’s That Even Mean?
Okay, so the Long/Short ratio isn’t just technical mumbo jumbo. It basically tells us what traders are betting on — are they feeling bullish (going long) or bearish (going short)? Anything over 1 means bulls are starting to edge ahead.
Right now, HBAR’s ratio is sitting at 1.06. Not huge, but hey, it’s the highest it’s been all month. That shows a subtle but real shift in sentiment — more traders are expecting the price to climb. And yeah, the overall market has been dragging lately, but clearly some folks think HBAR’s got a little gas left in the tank.
Open Interest Is Up Too… Another Quiet Signal
Here’s something else worth noting: open interest — which tracks how many positions are still active — has climbed to $142 million, up 3% in the last 24 hours. That’s a decent jump. And it’s interesting, because it happened while the price slipped about 2%.
What that means? Traders are sticking around. Instead of closing out and walking away, they’re holding their ground — maybe even piling in more. That usually hints they’re expecting something to shift… in a good way.
And when price dips but open interest goes up, that’s often seen as a bullish setup. Not always, of course. But it’s one of those classic “hmm, that’s interesting” signals.
But Don’t Get Too Comfortable — Profit-Taking Might Spoil the Party
Now, let’s not ignore the risks. Just because sentiment’s shifting doesn’t mean we’re heading straight to the moon. One major hurdle? Good old-fashioned profit-taking.
If HBAR pops off even a little, traders who bought lower could start cashing out. And when that happens en masse, the price can tumble pretty fast. Happens all the time — you’ve seen it.
Right now, HBAR’s chilling around $0.15. If momentum holds, we might see it creep back up toward $0.17. But if too many people hit “sell” at the same time, it wouldn’t be shocking to see it slide back down to the $0.11 range.
So… Reversal Incoming?
Maybe. Maybe not. But things are looking better than they were a week ago. Between the rising Long/Short ratio and the uptick in open interest, it’s clear traders are quietly turning bullish on HBAR.
Will it hold? That depends on the market’s mood and whether buyers can outlast the next wave of sellers. But for now, HBAR’s got some momentum — and that alone makes it one to watch.
