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Hedera HBAR at a Crossroads: July Breakdown or Bullish Rebound?
Hedera HBAR at a Crossroads: July Breakdown or Bullish Rebound?
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Bearish sentiment surrounding HBAR intensifies as on-chain data reveals increasing trader pessimism. The token's long/short ratio stands at 0.93, indicating dominant short positioning in futures markets—a clear bet against near-term price recovery.
Derivatives markets are amplifying spot price weakness, with HBAR's Elder-Ray Index reading -0.011 confirming bearish momentum. Without positive catalysts or shifts in macro sentiment, this technical setup suggests continued downward pressure.
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