The price of HBAR needs to grow close to 40% to recover from the losses of November

Hedera Coin (HBAR) has continued to trade flat for several days, as the altcoin struggles to gather enough momentum to make a significant recovery. After a sharp decline this month, HBAR expects a decisive catalyst to break the recession.

But the support needed to drive this recovery appears limited, and the lack of certainty in the broader market does not help its case.

Traders in Hedera place short trades

Financing rates in the main exchanges reveal that traders remain hesitant. The current negative funding ratio indicates that market participants are expecting further declines and are opening short positions to take advantage of the potential decline. This type of sentiment often appears during extended periods of consolidation, as traders lose confidence in the asset’s ability to bounce back.

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However, financing rates are very reactive and can change quickly. Its frequent fluctuations indicate uncertainty and volatility, rather than a strong downtrend. If sentiment changes and traders start exiting short trades,… HBAR benefit From a sudden spike in buying pressure, which helps to recover lost ground.

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The general perception of momentum remains weak. Hedera’s RSI is below the neutral level of 50.0, clearly appearing in bearish territory. This situation reflects the continued pressure on the market and the absence of strong bullish conviction. When the RSI remains in the negative territory, the price action usually falters in forming new highs or generating sustained rallies.

Continued caution throughout the market also weighed HBAR’s ability to recover. Unless momentum indicators move to the upside, the altcoin could remain stuck in its current range.

The HBAR price has a long way to go

HBAR is trading at $0.144, remaining below the important resistance level $0.145. To start a meaningful climb, the crypto must turn this resistance into support. This will allow it to move towards $0.154 – a level that previously served as a ceiling.

Based on current indicators, HBAR can continue In combination between $0.154 and $0.130. Bearish opposition and generally weak signals suggest that the cryptocurrency could remain trapped in this zone unless a strong catalyst emerges.

To recoup their losses in November, HBAR needs approx At a 40% increase, heading towards the $0.200 area. This requires breaking several resistance levels, starting at $0.154. If HBAR can claim this barrier, a move to $0.162 and higher becomes possible, giving the cryptocurrency a chance to invalidate the bear theory.