Hedera HBAR: A Bull’s Paradise or a Bear’s Banquet? 🤔💸

  • Exchanges? More like ex-HBARs: $13.9 million gone in a flash! 💸💸
  • HBAR’s Long/Short? 0.89? More like “Shorts on a leash”! 🐕‍🦺💰

In a world where crypto is as unpredictable as a cat’s mood, Hedera [HBAR] is aiming to be the next big thing, or the next big flop. 🐱🚀

As of press time, HBAR had a surge over 8%, making it the talk of the town. Or should I say, the crypto town? 🏙️📈

$14 million HBAR outflows? More like a heist! 🚑

Data from the on-chain analytics firm Coinglass’s Spot Inflow/Outflow revealed that exchanges have witnessed a massive outflow of $13.9 million worth of HBAR in the past 24 hours. 🕵️‍♂️💰

This indicated strong bullish sentiment among long-term holders, who appeared to be betting on the asset. Or maybe they just found a better game to play? 🎲🎮

The outflow indicated potential accumulation by long-term holders moving assets from exchanges to their wallets. Or perhaps they were just tired of the noise? 🤫🎧

Intraday traders’ bearish outlook? More like “Shorts on a mission”! 🚀

On the other hand, traders appeared to be betting on the short side. HBAR’s Long/Short Ratio was 0.89 at press time, indicating bearish sentiment among traders. Or maybe they just saw a better bet? 🤔🎲

However, the data revealed that 53% of top traders held short positions, while 47.2% held long positions. Thus, it appears that investors were bullish, while traders seemed slightly bearish. Or maybe it’s just a game of chicken? 🐔💨

HBAR price prediction and current momentum? More like “The Great HBAR Race”! 🏃‍♂️💨

At press time, HBAR was trading near $0.364, having surged over 8.50% in the past 24 hours. Strong interest from traders and investors has led to a 60% increase in its trading volume during this period. Or maybe they were just curious? 🧐🔍

HBAR witnessed this impressive participation after successfully retesting the breakout of a bullish symmetrical triangle price action pattern. Or maybe it was just a lucky break? 🍀🍀

Read Hedera’s [HBAR] Price Prediction 2025–2026? More like “The Future is Now”! 🚀🔮

The altcoin was facing mild resistance near $0.378 on the daily chart but has also formed a large green candle and a bullish engulfing pattern, indicating strong bullish momentum for continued upside potential. Or maybe it’s just a coincidence? 🤷‍♂️🤷‍♀️

Based on historical price momentum, if HBAR breaches the resistance and closes a daily candle above the $0.378 level, there is a strong possibility it could rally by 22% to reach its all-time high of $0.465 in the near future. Or maybe it’s just wishful thinking? 🤞💸

Read More

2025-01-21 09:11