HBAR Price Eyes a Potential 30% Rally

Hedera has come under renewed pressure after a broader market downturn dragged HBAR lower. The recent price drop reflects bearish cues driven by macro uncertainty and weakness in Bitcoin. HBAR trades inside a well-defined descending channel; rejection from the channel’s upper boundary near $0.1290 confirmed seller dominance, and the drop toward $0.0893 shows weak demand and continuation risk.

Immediate support sits at $0.0786, which previously triggered a short-lived bounce. The pattern projects a bullish outcome: a breakout could trigger a 31% rise toward $0.1252. HBAR is trading near $0.0895, sitting just below the $0.0907 resistance; flipping $0.0907 into support would open a path toward $0.1029, while failure to reclaim it could see consolidation above $0.0832 or a breakdown toward $0.0710.

Derivatives data paint a cautious picture. HBAR’s futures funding rate has stayed in negative territory for the past 48 hours, indicating shorts are paying longs and reflecting a bias toward further downside.

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