Hedera HBAR Defends Critical Support, Bulls Show Resilience Amid Market Uncertainty

[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN] Hedera HBAR News - Hedera's HBAR token demonstrated strength on Tuesday, rebounding nearly 2% after successfully defending the crucial $0.22885 support level that has remained intact since mid-July. This recovery follows three consecutive days of declines, with derivatives metrics presenting a mixed but cautiously optimistic outlook for the cryptocurrency. Open Interest dipped below the $400 million mark as capital exited HBAR derivatives positions, indicating some traders are reducing exposure. However, the long-to-short ratio improved to 0.9436, while taker buy volume increased to 48.55%—subtle yet positive signals of returning bullish sentiment among market participants. Technical analysis suggests potential consolidation ahead, with the token now facing immediate resistance at the 50-day EMA of $0.236. This technical level will serve as a critical determinant for whether the current rebound can build sustainable momentum or encounter further selling pressure.