Hedera HBAR Stuck in Tight Range Near $0.17 as Market Awaits Breakout Catalyst
Hedera (HBAR) continues to trade between $0.165 and $0.170, consolidating after a sharp drop from $0.195 in late May. The market exhibits classic indecision—open interest surged during the sell-off before leveling off as speculative positions were unwound.
Technical analysis shows a clear standoff. The HBAR/USD hourly chart indicates a failed recovery attempt following the May 30 low of $0.162. Futures traders remain cautious, with stagnant open interest reflecting neither strong bullish nor bearish momentum.
Attention now shifts to trading volume. A significant surge could break the current deadlock, either confirming a rebound or continuing the downtrend. For now, HBAR remains in equilibrium—a coiled spring waiting for decisive market action.
