Is Hedera Going Down? Or Is This Just a Crypto Prank? 🧐🚀

by

Folks, it’s a rollercoaster on the Hedera track! HBAR’s been dropping faster than my Aunt Mildred’s lasagna at a diet convention. Traders are throwing in the towel like it’s a hot potato, whispering sweet nothings about bearish vibes. Ooh, the drama! 🎢📉

This downward spiral, combined with the fading bullish cheerleaders, suggests HBAR might be headed for a longer stay in the “Oops, we messed up” zone. Buckle up, it’s a wild ride for those brave enough to look! 🎠

HBAR Traders Are More Confused Than a Chinchilla on a Trampoline

In the past 10 days, HBAR’s funding rate has flip-flopped from positive to negative *twice*, like a politician changing positions at the drop of a hat. The first time in a month that traders are more indecisive than a cat in a room full of rocking chairs! 🐱🪑

The increase in shorts (people betting the price will fall) is as obvious as a fart in a elevator. Market folks are betting on a fall, and confidence? Well, it’s about as stable as a Jenga tower in a hurricane. 🌬️

From the big picture, technical indicators are giving off more bearish vibes than a Sunday brunch with Uncle Bob who just found out his favorite TV show got canceled. The RSI, that fancy meter for momentum, slid into the “uh-oh” zone and hit its lowest in two months. Uh-oh is right! 🚨

All signs point to HBAR feeling the heat, with sellers pushing harder than a vacuum cleaner at a flea market. If this keeps up, buckle up — further price dips ahead, like a horror flick where you know what’s coming but still scream anyway. 👻

“Which Way, Hedera?!”

Right now, HBAR’s hanging at $0.168 — just shy of the $0.172 resistance wall that it can’t seem to break. Worse, if it fails to crack that barrier, it might just tumble to $0.154, like Humpty Dumpty after a bad fall. Tumble, tumble, tailspin! 🐣💥

If the stubborn $0.172 level is overtaken — surprise, surprise! — then HBAR may march on to $0.182, and everyone will pretend they saw it coming from a mile away. Success here could turn the mood from “Oh no” to “Oh wow, look at that!” 🥳

Read More

2025-06-07 15:56