In the dusty corners of the financial landscape, Hedera’s been taking a beating, like an old mule stubbornly refusing to budge. HBAR, once a hopeful sprout, has found itself crawling back to a long-standing technical pattern, retesting its limits like a boy testing his mother’s patience after spilling jelly all over the kitchen floor.
Though the sun seems to be peeking through the clouds with indicators flashing bullish, the price action remains as cautious as a cat on a hot tin roof.
HBAR’s Hidden Bullish Potential
Strange as it sounds, HBAR’s Money Flow Index is showing signs of life-like a forgotten seed sprouting in the cracks of a sidewalk. Despite the continuing price slump, this indicator is forming a bullish divergence with the price. While HBAR’s chart is painting a picture of despair, the MFI is holding steady, suggesting that beneath the surface, buyers are lurking, ready to pounce like hungry coyotes at dusk.
This divergence hints that the selling frenzy is losing steam, like a runaway train finally running out of coal. As sellers start to lose their grip, the buyers are inching in, but without the enthusiasm to stampede just yet. Such a setup often hints at change, especially when bolstered by compression patterns and some fancy momentum indicators waving from the higher timeframes.
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Meanwhile, the derivatives data paints a pretty picture for those brave enough to ride the bearish waves. The liquidation map suggests that if HBAR decides to break free from its chains, it will put immense pressure on short positions. Should the price gallop to $0.1013, we could see around $6.2 million worth of shorts evaporate faster than ice cream on a summer day.
As HBAR wiggles within its current pattern, a breakout could spring forth quicker than a jack-in-the-box once resistance is breached. Forced liquidations typically juice price movements, creating a whirlwind of upside momentum. So watch out, short traders, your exposure might just become a hot potato!
HBAR Could Be Ready to Break Free
As I write, HBAR hovers around $0.0826, clinging to the $0.0786 support level like a life preserver in a storm. This altcoin has been trudging along a descending channel for nearly four months, reflecting a prolonged nap while volatility takes a coffee break.
A breakout from this sleepy pattern seems more probable as selling pressure starts to fade away like the last rays of sunlight at dusk. For a real confirmation, HBAR needs to breach the upper trendline of the channel and turn $0.1042 into a sturdy support. Such a move could trigger short liquidations and nudge the price toward $0.129, which would be a happy 32% upside target for those still holding their breath.
However, let’s not forget the flip side. If the broader market behaves like a cranky toddler refusing to take a nap, a loss of the $0.0786 support could spell trouble. If that happens, HBAR might slide down to $0.0622, turning the bright bullish dreams into mere shadows.
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2026-02-06 14:46