HBAR Price Stuck Under $0.40 as Bears Tighten Grip | Airdrop Alert Pro

HBAR remains in a long-term consolidation phase, with limited growth over the past two months. It made several failed attempts to break above the $0.40 resistance, which dampened trader sentiment.

This lack of upward momentum has led to growing skepticism about the coin’s short-term performance.

HBAR Traders Change Views

HBAR’s funding rate recently fell into bearish territory after remaining positive for more than 11 days. The shift suggests traders have turned bearish as short contracts dominate long positions. Failed breakout attempts caused traders to reassess their prospects, leading to a cautious stance on HBAR.

The growing preference for short contracts points to increasing uncertainty among market participants. This stems from suspicion About HBAR’s capabilities In order to overcome the resistance level, it reinforces the need for the token to receive stronger support to regain investor confidence.

Despite the bearish sentiment, HBAR’s Relative Strength Index (relative strength index) remains above the neutral 50.0 mark. This suggests that broader market momentum remains in favor of the bullish trend, providing a potential buffer against bearish pressure. The RSI’s stance highlights that HBAR still retains some underlying strength.

RSI stability HBAR can be prevented Although bearish signals dominated short-term market sentiment, it still avoided experiencing a sharp decline. If the broader cryptocurrency market continues to maintain bullish momentum, HBAR may find support and avoid further consolidation at lower levels.

HBAR Price Prediction: Breakout

Currently, HBAR The price is trading at $0.33, aiming to hold this level as support. Successfully doing this will be crucial for the coin to challenge the $0.39 resistance. A break above this resistance could set the stage for further gains.

Complex market sentiment may play a key role in determining HBAR’s direction. If the coin manages to rise above $0.39, it could rise to $0.47, bringing it closer to its all-time high of $0.57. This scenario requires continued bullish momentum and renewed market confidence.

However, a drop to $0.25 could lead to continued HBAR merge. Any further decline below this level would invalidate the bullish outlook entirely, signaling potential long-term weakness.