based on materials from the website - By ETHNews
Hedera (HBAR) is at a critical stage, its price hovering just below a major resistance level. After a week of struggling to break a persistent downtrend, HBAR is now trading around $0.148, and all eyes are on the resistance mark of $0.154.
A breakout above this level could have serious consequences, especially for short sellers, as short positions totaling up to $38 million are at risk of liquidation.
Optimistic sentiment is growing among traders
Despite recent price pressure, market sentiment remains predominantly optimistic. Positive funding rates indicate that long traders continue to dominate the market, reflecting confidence in a potential recovery.
Investors are still betting on a rebound, as many view current levels as a buying opportunity.
Optimism is further supported by HBAR's consistent funding data, which reflects that traders are willing to pay a premium to maintain long positions. This sustained positive sentiment hints that a price breakout may not be far away if resistance levels are overcome.
$38 million at stake for short sellers
A key technical event is the liquidation map, which shows that if HBAR exceeds $0.154 and rises to $0.163, short traders could face forced liquidations totaling $38 million.
Such a move would likely accelerate upward momentum, as liquidations typically create additional buy orders, pushing prices even higher in a short squeeze scenario.
Short sellers who bet on continued price declines will be forced to close positions at a loss, further amplifying bullish momentum.
Currently, HBAR is consolidating just below the resistance of $0.154. A breakout above this level and a successful transition to support could be a turning point for the altcoin, potentially triggering a recovery to $0.163 and above.
However, the risk of a drop still exists. If HBAR fails to break through and falls below $0.139, it will signal weakness and invalidate the current bullish thesis. In this scenario, further decline to $0.133 is likely, which would return market prospects to bearish territory.
HBAR's price action is approaching a decisive moment. Traders remain optimistic, and a breakout could trigger a wave of short liquidations totaling $38 million, fueling a rally to $0.163. But failure to overcome resistance could lead to further losses. As the altcoin oscillates between recovery and further decline, the coming days may determine who will take control of the next big move for Hedera - bulls or bears.
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