The price reversal at $0.208 in Hedera has triggered a short setup anticipation among traders, supported by multiple indicators pointing towards a downtrend.
Short bias is indicated in the 30-minute HBAR/USDT chart with a suggested entry point of $0.19552, showing a shift in market structure with lower highs and lower lows.
Recent open interest data on the 1-hour chart suggests a long squeeze scenario as price peaked near $0.20866, followed by a sharp decline in both price and open interest, indicating weakness in bullish sentiment.
On broader timeframes, the 24-hour chart reflects short-term bearish momentum in Hedera, with selling pressure outweighing demand and momentum indicators showing ongoing bearishness.