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The HBAR coin is trading near $0.134, down almost 8% today, lagging the performance of the cryptocurrency market which is down around 6%. The broader trend remains weak, with the HBAR price losing nearly 50% over the past three months.
It is again on the same support that we recently highlighted. If this level is broken, the downtrend continues. If it continues, the next move could come as a surprise to investors who lean heavily on one side.
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Double volume deepened after another collapse
The first concern comes from spot trading volume. The On Balance Volume (OBV) indicator shows whether currencies are bought or sold based on volume flow. High OBV shows demand, low OBV shows pressure.
You are mentioned beIN Crypto HBAR broke the OBV downward trend line, which is the line that connects a series of lower lows in the short term. Confirmation of a break below this line indicates new weakness. In the long run, the situation is worse.
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Between October 10 and November 21, the price made a higher low, but the OBV indicator made a lower low. When the price rises while the volume falls, it indicates that the strength below the surface is fading.
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Until the OBV returns above the broken trend line, the market does not have the volume support needed for a pure recovery. Since the OBV trendline connects lower lows, a break above it maintains weak momentum. This will only reduce the risk of collapse for now.
Shorts outperform longs by 475% – a steep slope in derivatives
Derivatives add a second caveat. The 30 day liquidation chart shows about $15.32 million in short positions and only $2.66 million in long positions. This means that the short positions are about 475% higher than the long positions, a massive imbalance that reflects one thing: the market is not waiting for a recovery.
The Liquidation Chart shows where traders using leverage could be forced out of their positions if… The price of HBAR moved to certain levels.
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This tilt does two things.
Pressure remains on HBAR if the price falls below support, because short sellers remain in control. The remaining long trades remain in the danger zone.
But yes HBAR also moves slightly higherthe same imbalance can fuel a severe squeeze because there are more short positions to liquidate than long positions. Derivatives tend to be bearish, but the setup gives HBAR a small window for a strong upside surprise.
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HBAR price levels indicate a clear crossover point
HBAR is sitting right at $0.134, which is the same support level What we expected before. If it fails now, the next drop will likely test $0.129. Losing $0.129 paves the way towards $0.087, matching the broader downtrend as sellers remain in control.
On the upside, the first resistance is at $0.144. A daily close above will show buyers absorbing the pressure and trying to reverse the trend. Such a move would weaken the bearish theory.
If that happens, the next obstacle is around $0.164, but to get to that point it needs two things: improving volume on OBV and a reduction in short positions of heavy derivatives. Without both, breakouts fail early. Also, a move above $0.164 will liquidate all short positions, as the liquidation chart mentioned earlier.
