HBAR’s 15% Surge Meets Resistance as Short Sellers Pounce - Can Hedera Break Through?

Hedera's native token HBAR just ripped higher—jumping 15% in a move that caught traders off guard. But the celebration hit a wall as short sellers swarmed, betting against further gains.

Short Sellers Circle

Momentum traders piled in during the early surge, only to face immediate pressure from bears opening fresh short positions. The rally stalled right where it should've accelerated—classic crypto behavior where every pump gets treated as a selling opportunity.

Market Mechanics at Play

Resistance levels held firm as liquidity hunters got trapped by rapid profit-taking. HBAR's volume spiked during the move, but order book depth revealed more sellers than buyers above key psychological levels.

Another day, another crypto asset proving that in this market, even good news gets shorted into oblivion by traders who'd bet against their own grandmothers if the leverage was right.

HBAR’s Sentiment Slumps Into Bearish Zone

According to Coinglass, HBAR’s long/short ratio has plunged to a 30-day low, reflecting the bearish tilt in market sentiment. As of this writing, the ratio stands at 0.76, indicating more traders are betting against the altcoin’s sustained rally.

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An asset’s long/short ratio compares the number of its long and short positions in a market. When the ratio is above 1, there are more long than short positions, indicating that traders are predominantly betting on a price increase.

Conversely, as seen with HBAR, a ratio under one indicates that most traders are anticipating and positioning for a price decline. This reflects heightened bearish sentiment and signals that downside pressure may continue to build in the NEAR term.

Furthermore, HBAR’s negative weighted sentiment has flipped back below zero, confirming the growing sell-side pressure. At press time, this stands at -0.62.

The metric measures the balance of positive versus negative mentions of an asset across social media platforms, adjusted by how often it’s discussed.

When an asset’s weighted sentiment turns negative, it shows that market sentiment from social data is bearish. It means traders and investors are leaning pessimistic, which could weigh on HBAR’s price performance in the coming week.

Hedera Bulls Fight to Hold $0.2123 as Bears Loom Large

A dip in buying activity could trigger a price decline toward $0.2123. Should the bulls fail to defend this critical support floor, HBAR’s price could witness a deeper drop toward $0.1702.

However, HBAR could extend its rally to $0.2762 if demand regains momentum.