The post HBAR under pressure, Descending channel hints at 24% downside move appeared on BitcoinEthereumNews.com.

Key Takeaways What is driving Hedera’s current bearish outlook?  A 6% price dip, declining volume, and rising short positions are reinforcing HBAR’s downward momentum. What could potentially reverse HBAR’s bearish trend?  A breakout above the descending channel and sustained ETF inflows could shift sentiment toward bullish. Hedera [HBAR] has posted losses for the second day in a row. Derivative data shows that, in addition to falling prices, an increase in short positions is reinforcing the asset’s bearish outlook. HBAR price and major liquidation levels  At press time, HBAR dropped 6% and was trading around $0.1925, showing a lack of market participation as trading volume plunged 38% to $512 million. This price dip, along with the overall bearish market sentiment, has prompted traders to shift their bias toward short positions, as shown by the derivative tool CoinGlass. As of press time, HBAR’s major liquidation levels stand at $0.1888 on the lower side (support) and $0.1972 on the upper side (resistance). At these levels, traders are over-leveraged, holding $2.90 million in long positions and $7.24 million in short positions. Source: CoinGlass As the asset’s price continues to fall, traders’ $2.90 million worth of long positions are on the verge of liquidation and will be liquidated if the price crosses below the $0.1888 level. Looking at these positions and trader interest, it appears that those with a bearish outlook are currently dominating the asset and strongly believe that HBAR’s price will not surpass the $0.1972 level. HBAR price action and technical analysis  AMBCrypto’s daily chart analysis shows that HBAR is in a clear downtrend. This is due to two key factors: the token is trading below its 200-day Exponential Moving Average (EMA) and was moving within a descending channel pattern, bounded by defined upper and lower trendlines. Source: TradingView The chart indicates that…

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Filed under: News - @ November 1, 2025 7:27 am