Hedera Faces Bearish Pressure Amid Potential Liquidation Risk
Hedera (HBAR) is experiencing bearish pressure with a notable number of short futures contracts open, posing a risk of $4.9 million in liquidations if the price exceeds $0.1143. According to NS3.AI, the Chaikin Money Flow indicator is showing initial signs of capital inflows, suggesting a potential short-term recovery. Additionally, HBAR's correlation with Bitcoin has decreased, which may allow it to diverge from broader market trends. Key technical levels to watch include resistance at $0.1035 and support at $0.0961; failure to maintain support could result in further declines.
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