Well, well, well! HBAR is on a rollercoaster ride, and guess what? It’s heading down faster than a lead balloon! 
Despite traders waving their pom-poms and chanting for a comeback, this altcoin is still searching for a solid support floor. Spoiler alert: it hasn’t found it yet!
But hold your horses! Traders are still clinging to hope like a cat on a hot tin roof, dreaming of a recovery while the market throws pies in their faces. 
Hedera Traders Are Placing Long Contracts
Right now, HBAR’s funding rate is as positive as a puppy in a room full of tennis balls! 
This means long positions are strutting their stuff while short contracts are sulking in the corner. Traders are betting on HBAR’s price to rise like a soufflé, hoping to cash in on the recovery. But with the market conditions looking like a bad hair day, it’s tough for these bets to pay off. 
Even with the long traders feeling optimistic, the broader market is giving HBAR the cold shoulder. While they’re still placing bets, there’s a big ol’ risk of losses if the market keeps doing the cha-cha downwards. 
Now, let’s talk about the ADX (Average Directional Index) indicator, which is currently showing a downtrend stronger than my Aunt Edna’s meatloaf! 
With the ADX soaring above 25.0, the bearish trend is as solid as a rock and likely to keep on rolling. This means HBAR’s price might just keep sliding down the slippery slope before it finds a comfy support level.
Even though traders are betting on a recovery, the ADX is like that annoying friend who keeps reminding you of your failures. Until something changes, it’s anyone’s guess when the price will stop doing the limbo! 
HBAR Price Holds Above Key Support
Currently, HBAR is trading at $0.184, which is a 6% drop over the last 48 hours. It tried to hold onto the $0.197 support level like a toddler with a cookie, but alas, it slipped away! 
If this bearish trend keeps up, HBAR might just keep sliding down, testing lower levels like a contestant on a game show. 
The next big support for HBAR is at $0.177, a level that’s been as reliable as your grandma’s secret recipe. If it drops to this support, it might just hang around for a bit, signaling a potential pause in the downtrend. But let’s be real, it needs to hold on tight to avoid a deeper dive! 
If the market conditions decide to play nice, HBAR could see a recovery, flipping $0.197 into support like a pancake! 
A successful breach of $0.222 could give this altcoin a boost, invalidating the bearish outlook and signaling a shift toward positive price momentum. But remember, this all depends on the market stabilizing, which is like waiting for a unicorn to show up! 
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2025-03-21 15:36