Hedera HBAR Faces Bearish Pressure Despite 15% Weekly Surge

Hedera Hashgraph's native token HBAR jumped nearly 15% this week, recording its strongest performance since July. However, the rally is showing signs of exhaustion as bearish signals emerge across derivatives and social metrics.

Coinglass data indicates HBAR's long/short ratio dropped to a 30-day low of 0.76, suggesting traders are increasingly positioning for downside movement. Santiment's weighted sentiment score declined to -0.62, reflecting growing pessimism within crypto communities.

Technical analysis identifies crucial support at $0.2123, with a break below potentially accelerating declines toward $0.1702. Resistance sits NEAR $0.2762 if bullish momentum returns.

The combination of weakening derivatives positioning, negative social sentiment, and precarious technical levels points to increased volatility ahead. Market participants remain cautious despite HBAR's impressive weekly gains.