The currency has seen $HBAR

Significant volatility over the past month, as it struggled to recover its recent losses and break its month-and-a-half-long downward trend.

Despite these challenges, the altcoin remains in a critical position, as traders are still optimistic about its potential breakout. However, failure to break through key resistance levels could lead to further price declines.

Traders #HBAR are optimistic

Throughout this month, traders have shown strong optimism towards HBAR. The funding rate has consistently remained positive, indicating the dominance of long-term contracts in the market.

This indicates that traders are confident in a potential price recovery and are preparing to capitalize on its rising value. This ongoing optimism reflects a belief in HBAR's ability to recover from its current downward trend.

The positive funding rate also shows the willingness of more investors to bet on the future of altcoins despite ongoing challenges.

HBAR Funding Rate.

The overall momentum of $HBAR stock reveals that short sellers may face significant losses if the price rises. The liquidation map indicates the possibility of liquidating nearly $38 million worth of short positions if HBAR breaks its current downward trend and rises to $0.163.

This would have a significant impact on the market, potentially boosting buying momentum.

Short sellers are betting on continued price declines, but breaking through key resistance levels could force them to exit their positions. This would create additional buying pressure, supporting the likelihood of a larger rally.

HBAR Liquidation Map.

Price #HBAR is expected to rise

At the time of writing this report, HBAR is trading at $0.148, just below the critical resistance level of $0.154. The altcoin is seeking to break this resistance and overcome the downward trend line that has been hindering it.

Successfully surpassing this level would represent a milestone in HBAR's recovery.

Supporting factors for the potential breakout indicate that HBAR could rise to $0.163 if it successfully converts $0.154 into a support level. Reaching this level could trigger a short-squeeze, pushing the price up further.

This could help HBAR gain momentum and recover from its recent downward trend.

Analysis of HBAR's stock price.

However, if the market generally shifts downwards, the price of $HBAR could fall to $0.139. Losing this support is a bearish signal, which could push the price further down to $0.133.

This decline would invalidate the bullish hypothesis and reconsider market expectations towards a downward trend.#NODEBinanceTGE #USCorePCEMay #BTC110KToday? #BinanceAlphaAlert