Altcoins News
By Maheen Hernandez
1 / 15
Hedera's native cryptocurrency, HBAR, is facing mounting pressure after a sharp decline of nearly 20% over the past week.
2 / 15
HBAR’s price has been following the broader altcoin market, which remains under pressure due to Bitcoin’s recent pullback.
3 / 15
Key Support at $0.22 Holds the Spotlight
4 / 15
On the daily price chart, HBAR is hovering near its 20-day exponential moving average (EMA), a commonly followed trend indicator used by traders to identify market direction.
5 / 15
Technical indicators show that the 20-day EMA serves as a midpoint between short-term sentiment and trend strength.
6 / 15
Traders Watching Liquidity Zone Around $0.29
7 / 15
Despite the growing downside pressure, on-chain data reveals a potential bullish catalyst. Analysis from Coinglass shows a significant liquidity cluster forming around the $0.
8 / 15
Liquidity heatmaps are tools used by professional traders to identify areas with high trading interest, particularly where stop-losses and liquidation orders are concentrated.
9 / 15
In HBAR’s case, the presence of a liquidity pocket well above the current market price may encourage buying pressure in hopes of testing that zone.
10 / 15
Positive Funding Rate Signals Lingering Bullish Sentiment
11 / 15
Another important factor supporting the possibility of a recovery is the consistently positive funding rate for HBAR futures contracts.
12 / 15
Funding rates represent the cost of holding positions in perpetual futures contracts and are a strong indicator of market sentiment.
13 / 15
This ongoing bullish sentiment in the derivatives market could play a crucial role in supporting prices, especially if broader market conditions begin to stabilize.
14 / 15
For now, HBAR’s fate largely depends on whether the $0.22 support level can hold. If it does, traders could see a short-term rebound, possibly toward $0.
15 / 15
However, if the price fails to hold above this level, it may signal a loss of buyer confidence and could lead to a deeper retracement.
The Currency Analytics
Want the full story?