Hedera (HBAR) is gaining attention from market participants following a few days of uncertainty. This article examines current price levels, indicators, and short-term forecasts.
Current HBAR Price Levels
As of now, HBAR is trading around **$0.235**, holding just above short-term support, but still struggling to gain momentum. Since a recent sharp drop, the token has been stuck in a range of **$0.225–$0.260**, indicating a wait-and-see approach in the market.
Market Indicators
Indicators provide insights into the ongoing situation beyond just price action:
* **Volume:** Daily trading volume is around **$27.6 million**, with projections suggesting a possibility of reaching **$57 million**. There has been a lack of activity in recent days, which limits positive breakout opportunities. * **Open Interest:** Open interest has slightly increased from **$284 million to $286 million**, indicating that new positions are being opened within the current range. * **Net Long / Net Short:** Net long positions are deep in the red, around **– $728 million**, while net shorts stand at **$807 million**. This reflects a bearish sentiment in the market.
Short-Term Outlook
Over the next 24–48 hours, HBAR is likely to continue trading within the same range. A close above **$0.245** with strong volume could signal a direction for buyers. On the downside, if the price drops below **$0.232**, a quick retest of **$0.228** and potentially **$0.225** is likely.
Currently, the situation with HBAR requires attention, as the market is waiting for a breakout. Key levels to watch are **$0.232 as support** and **$0.245 as a trigger for potential upward movement**.
