- HBAR Faces Bearish Pressure – Despite a modest recovery, HBAR is struggling against key resistance at $0.250, with negative sentiment in Futures markets weighing it down.
- Traders Betting Against HBAR – The negative funding rate signals that short sellers dominate, expecting further declines unless a bullish catalyst emerges.
- Key Levels to Watch – If HBAR breaks $0.250 and flips $0.267 into support, it could rally to $0.314, but failure to do so may result in extended consolidation between $0.222 and $0.250.
Hedera (HBAR) has been clawing its way toward recovery in recent days, but bearish pressure from the broader market is keeping a lid on its gains. While the altcoin has been trying to push past key resistance, negative sentiment, especially in Futures markets, continues to drag it down. The outlook remains murky, with traders showing hesitation on its next move.
HBAR Traders Are Split – Will It Follow Bitcoin or Break Away?
Right now, HBAR is showing an inverse correlation with Bitcoin at -0.03—which means that as Bitcoin tries to rebound, HBAR may not follow suit. In fact, it could do the exact opposite.
With Bitcoin inching toward potential gains, HBAR could be headed for further declines, especially on shorter timeframes like the daily chart. This divergence suggests that even if BTC makes a recovery, HBAR’s trajectory could remain shaky unless broader sentiment shifts in its favor.
Traders Are Betting Against HBAR – Can It Defy the Trend?
Beyond its Bitcoin correlation, HBAR is also grappling with a negative funding rate—which isn’t a great sign for bulls. Traders are piling into short positions, betting that HBAR will slide even further.
A sustained negative funding rate shows that the market is still skeptical, with traders capitalizing on bearish momentum rather than expecting a breakout.
As long as sentiment remains weak, and no bullish catalyst emerges, HBAR may struggle to escape this downtrend.
HBAR’s Price Action – Stuck Between Resistance & Support
Currently, HBAR is trading at $0.246, unable to break through the stubborn $0.250 resistance. The altcoin has held above $0.222 for some time, which is a crucial support zone. But without a decisive move past $0.250, meaningful upside remains elusive.
If HBAR continues to trade sideways, consolidation between $0.222 and $0.250 could drag on—delaying any meaningful price recovery.
However, should HBAR breach $0.250 and flip $0.267 into support, it could signal a bullish breakout, possibly propelling the token to $0.314. This would invalidate the current bearish outlook and open the door for a stronger recovery.
For now, HBAR remains at a crossroads, needing a breakout catalyst to shift market sentiment in its favor. Until then, traders are likely to remain cautious, with short-sellers still in control of the narrative.
