BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Hedera (HBAR) Faces Short-Selling Pressure Following Rejection at $0.208 Resistance
Hedera (HBAR) Faces Short-Selling Pressure Following Rejection at $0.208 Resistance
9
2
[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera’s native token HBAR has triggered bearish signals after a sharp price rejection at $0.208, with derivatives data showing rising open interest followed by rapid unwinding. Technical analysts identify this as a classic short setup, with the 30-minute HBAR/USDT chart breaking below a consolidation range that now serves as resistance.
BullFrog Crypto’s analysis suggests entry points NEAR $0.19552, noting the emergence of lower highs and lows—a textbook downtrend formation. Market participants await HBAR’s reaction to nearby support levels, which could determine whether the correction deepens or finds stabilization.
By:
Previous
Bombie Airdrop Claim and Staking to Begin This Week
Next
Lightchain AI Prepares for July Mainnet Launch, Offers Developer Head Start
