The post Hedera Faces Mounting Pressure — Will July Bring a Breakdown or a Bounce? appeared on BitcoinEthereumNews.com.

Hedera’s native token, HBAR, is under renewed selling pressure, shedding nearly 5% in the past 24 hours. This comes as broader market weakness drags crypto prices lower. The bearish sentiment surrounding the HBAR token price continues to intensify, with on-chain data pointing to growing pessimism among traders.  Futures Traders Bet Against HBAR HBAR’s long/short ratio is currently at 0.93, signaling a preference for short positions among its futures market participants. HBAR Long/Short Ratio. Source: Coinglass This metric measures the proportion of bullish (long) positions to bearish (short) positions in an asset’s futures market. When the ratio is above one, there are more long positions than short ones. This suggests bullish sentiment, with most traders expecting the asset’s value to rise. On the other hand, as with HBAR, a ratio below one indicates that more traders are betting on a price decline than on a price increase. It reflects growing skepticism around the token’s short-term price outlook, as traders anticipate further downside movement.  This bearish trend in HBAR’s derivatives positioning could feed into its spot price weakness, especially if not countered by positive market catalysts or a change in broader sentiment. Moreover, readings from HBAR’s  Elder-Ray Index add to this negative outlook. As of this writing, the indicator stands at -0.011. HBAR Elder-Ray Index. Source: TradingView The Elder-Ray Index measures the strength of bulls and bears in the market by analyzing the difference between an asset’s price and its exponential moving average (EMA). A positive Elder-Ray reading occurs when the bulls are dominant, meaning the price is trading above the EMA, indicating strong buying momentum.  This suggests that HBAR sellers are in control and may continue to push prices lower in the short term. HBAR Faces Critical Test as Price Eyes $0.126 Support Since peaking at $0.156 on June 25, HBAR…

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Filed under: News - @ June 27, 2025 9:22 am