Hedera’s Bearish Mood: A Perfect Recipe for an Unexpected Price Rebound!

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Ah, Hedera (HBAR), the crypto hero with a streak of over 40% gains over the past three months. But hold your applause! Something’s off in paradise, and the storm clouds are rolling in.

In the past 24 hours, HBAR took a dive of over 4%, and its one-month losing streak now seems to be playing an endless game of limbo-more than 11%. With the sellers ruling the roost, HBAR is in a precarious zone. The only glimmer of hope comes from an unlikely source. 👀

Fading Interest Fuels Sellers’ Control

A little peek behind the curtain of the blockchain world reveals why the buyers have ghosted Hedera. The social dominance of Hedera, which tracks its popularity across crypto platforms, has taken a nosedive.

On July 13, it stood tall at 2.417%. By late August? A miserable 0.515%. That’s a 80% drop in popularity, folks. Talk about a party being over. This plunge in attention mirrors weak buying flows.

For the number crunchers: net flows to exchanges saw a sharp spike last month. On July 21, buying pressure was a sad -46.48 million tokens. By August 25? Only a slight recovery to -12.24 million tokens.

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That means a 73% drop in buying pressure, signaling that the sellers are clearly holding the cards. Every time HBAR sees a slight rise, sellers are there like that one person who always wants to “get in on the action” right after you’ve made a bad call. 😒

Derivatives Positioning: Bearish, But Also HBAR’s Best Friend?

The weakness isn’t confined to spot trading, oh no. The derivatives markets are singing the same gloomy tune. On platforms like Bitget, open positions scream “short” as loudly as possible.

At the moment, short leverage stands at a hefty $103.97 million, compared to just $34.78 million in long positions. Nearly 200% more shorts than longs? Now that’s what we call a bear party. 🐻

But, here’s the twist: while this may look like bad news, it could actually be HBAR’s golden ticket. If the HBAR price starts climbing-who knows, maybe even from a broader market rally-those shorts between $0.23 and $0.26 might just panic and cover their positions. That’s right, a short squeeze could be in the cards, pushing prices higher. 🙃

Yet, a word of caution: If the price continues its downward trajectory, those small long positions could face liquidation too. Either way, the ride’s looking bumpy. 🎢

Hedera (HBAR) Price Hangs by a Thread

As we speak, the price of HBAR lingers around $0.231. But if it falls below $0.23? Oof, the next stop could be $0.22. And with the Bull-Bear Power (BBP) indicator showing its ugly, negative side, things aren’t looking too hot.

The BBP indicator compares the highest price a token hits with its average price to figure out if buyers or sellers are dominating. A negative BBP? Well, that’s basically like the ‘No Vacancy’ sign for the bulls. 🚫

If $0.226 breaks, it could mean fresh local lows are on the way. But-if a short squeeze materializes? The first zone of hope is just above $0.26. Clear that, and HBAR could start dancing upward, but until that happens, sellers are still in the driver’s seat.

Unless a miracle (read: a short squeeze) happens, HBAR could risk printing new lows. It’s a classic case of “what have you done for me lately?” 😏

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2025-08-29 20:52