Altcoins News
By Maheen Hernandez
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Hedera’s native token, HBAR, is showing strong signs of upward momentum, prompting both excitement and caution across the cryptocurrency market.
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Recent market activity indicates that HBAR is gaining strength amid growing investor interest and favorable technical indicators.
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One of the primary indicators pointing to positive sentiment is the Chaikin Money Flow (CMF), which has turned decisively bullish.
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The renewed inflow reflects a growing belief among market participants that HBAR’s recent rally could be sustainable.
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At the same time, traders betting against HBAR could be in for trouble. The latest liquidation data reveals that if the token breaks through the $0.
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Currently trading around $0.194, HBAR is approaching a pivotal level near $0.200. A breakout above this mark could reinforce bullish momentum and make a run toward $0.
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These dynamics create a classic short squeeze scenario, where rapid upward price movement forces bears to buy back the asset to limit their losses—further accelerating the rally.
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HBAR’s recent price action places it just beneath the important psychological and technical resistance at $0.200.
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If HBAR can establish support above this level, the pathway to $0.220 becomes much clearer. That move could be the final trigger for the $70 million liquidation event, setting…
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This scenario paints a bullish picture in the short term, but traders are advised to remain cautious.
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Despite the optimistic outlook, there’s still room for caution. If HBAR fails to maintain its upward trajectory, it could slip below $0.
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Such a pullback would likely weaken investor confidence and delay any potential move toward higher resistance levels. For short traders, this would offer a temporary reprieve.
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The HBAR price movement in the days ahead will largely be dictated by its performance around the $0.200 resistance.
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With millions of dollars in short interest on the line, HBAR’s price behavior could have outsized effects in the short term, both for individual traders and the market at large.
The Currency Analytics
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