Amidst the grandly chaotic circus known as the crypto market-where profits are both plucked and squandered-poor little Hedera’s HBAR has found itself stuck in a frustrating limbo since August’s advent.
Traders, those clever and ever-eager mice, are sniffing the air for the elusive scent of a catalyst that will send this darling little digital hopper in a new direction. Yet, whispers of doom waft by: ominous bearish signals are gathering like storm clouds.
The Bears are Taking the Lead with Bold Intentions
The HBAR/USD one-day chart tells a story of an altcoin imprisoned within a horizontal cage. After July’s exciting rally, HBAR danced its way to a proud peak of $0.30 on July 27, only to lose its vitality and tumble into a dreary sleep. Since that grand performance, our not-so-lively HBAR has been waltzing side to side, swinging above and below its limits with schoolboyish failure. It carves a path at resistance when it approaches $0.26 and clings to support like a nagging baby around $0.22: markets are decidedly indecisive.
Curious about the latest theatrical antics of tokens? Enroll in the Daily Crypto Newsletter by the marvelous Harsh Notariya here.
With charts growing murkier and the bears flexing mightier, it appears our plucky HBAR might soon tumble below its $0.22 crutch. Oh, what a scandalous fall it might be!
The Futures Traders: Betting on a Breakdown with a Smile!
In a turn of tragic comedy, HBAR’s weighted funding rate has succumbed into negative territory for the first time in the past week. It now huddles at -0.0016%. Quite dismal.
Here’s a secret about perpetual futures markets: they have an alignment program that keeps contract prices in a cheek-to-cheek embrace with the spot price. When the funding rate is positively sassy, long traders are the patrons at the shortiest tables, heralding bullish sentiments-and boy, does that sparkle! In the nightmarish case of a negative funding rate, shorts are the good boys paying for everything, and bearish bets rule the roost.
The little switch in HBAR’s funding rate reveals a future painted in grays, for the futures traders are egging on a bleak affair to the downside, further spiking the risk of a grand unscrambling below its precious support zone.
Frothy buy-side pressure has wilted into apathy, and HBAR is facing a curious amount of down-ender trouble. The token’s Smart Money Index (SMI), lounging at 0.98, has been stumbling down a tiny hill since August 22. A dismal, bearish transfer of favor!
The SMI, the social investigator measuring institutional investors’ clue-touched steps at specific, rather late hours of trading, reflects the moves of our learned “smart money.” It’s a spyglass into the future: a rising SMI shines like the sun on a gold-hungry horizon of bullish vistas. Yet when it collapses, as kittens in a teacup, these investors are unenthusiastic about hoarding assets and hightail it, pocketing profits. One can’t help but wonder-if the downward trend persists, will HBAR tumble into the depths?
Bears Tighten the Squeeze-Yet, the Bulls Fancy a Mighty Leap
Should the season of financial woe endure, the HBAR price might tumble below pivotal support levels. Alas, $0.22 could become a dark visitor, haunting this poor altcoin. Yet, if fate turns its glossy lens towards HBAR and infuses some much-needed vigour, it could break free from $0.26, leaping high towards the splendid heights of $0.30!
Read More
- SOL PREDICTION. SOL cryptocurrency
- Gold Rate Forecast
- OP PREDICTION. OP cryptocurrency
- Brent Oil Forecast
- USD COP PREDICTION
- EUR AUD PREDICTION
- USD MYR PREDICTION
- BNB PREDICTION. BNB cryptocurrency
- EUR USD PREDICTION
- EUR RUB PREDICTION
2025-08-26 10:32