HBAR Struggles as Shorts Surge – Will It Fall or Rise? Find Out! 🐻📉

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Hedera’s native token, HBAR, has decided to swim against the tide, posting some modest gains since June 1. It’s now at $0.17, a glorious 5% increase. But, as we all know, the universe has a way of balancing things out.

Don’t get too comfy, folks. The technicals and on-chain signals suggest this upward momentum might be running out of steam, and let’s be honest, who could blame it? 🚂💨

HBAR Defies the Market Slump – But Trouble is Brewing Under the Surface 🌧️

Since the start of June, HBAR has managed to climb against the market’s general grumpiness. But as we all know, every silver lining has a dark cloud. 🧐 There are whispers, nay, screams in the charts that a bearish shift may soon come knocking at the door.

Case in point: the Moving Average Convergence Divergence (MACD) indicator for HBAR. At the moment, the MACD line (the blue one, because blue is totally a sign of impending doom, right?) is hanging below the signal line (orange, because orange is the color of warning), clearly signaling that the bears are getting comfy in the market. 🐻

For those who think charts are just lines and squiggly things, the MACD helps traders figure out if they should buy, sell, or just cry into their coffee. When the MACD is above the signal line, it’s like the market is telling you to buy – everything’s going up! 📈 But when it’s below, well, it’s a bit of a “run for the hills” situation. ⛰️

HBAR’s MACD line being below the signal line suggests that the bullish run might be slowing down, and a bearish trend could be just around the corner. Cue dramatic music. 🎶

But wait, there’s more! Over in the HBAR futures market, traders are getting all excited about short positions. According to Coinglass, the long/short ratio is sitting at 0.95. In case you’re wondering, that means there are more people betting against HBAR than betting on it. It’s like a reverse cheerleading squad. 📉

When the ratio is below one, it’s like everyone’s betting that the price is about to take a nosedive. So, no pressure, HBAR holders. 😬

HBAR Eyes $0.19 – Will It Soar or Sink? 🦅⚖️

Currently, HBAR is at $0.17, getting all cozy near a resistance level at $0.19. But here’s the catch: without enough buying power, it could turn around and start heading south toward $0.15. 🚨

If the selling continues, support might buckle and the price could fall even further, down to a gloomy $0.12. But don’t write it off just yet – if the bulls wake up from their nap and start charging, HBAR could take off toward $0.19, and who knows? It might even break through that ceiling and hit $0.20. 🐂

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2025-06-04 22:08