Hedera (HBAR) is trading under pressure after a 4.75% drop to $0.229 on 29 August, with $2.96M in short positions and $3.18M in exchange outflows. Short dominance raises downside risk, while outflows and a still-green Supertrend offer limited support.
HBAR slipped 4.75% to $0.229 on 29 August amid rising short interest
Short positions totaled $2.96M while exchange outflows reached $3.18M, suggesting mixed directional signals
Technical: descending triangle risks a 20% drop to $0.18 if daily close breaks $0.223; RSI ~43.8, Supertrend remains green
HBAR price update: Hedera (HBAR) falls to $0.229 with rising shorts and $3.18M outflows — track levels now and reassess positions.
What is the current HBAR price outlook?
HBAR price shows a cautious bearish bias after slipping to $0.229 on 29 August. Technicals reveal a descending triangle with key support near $0.226–$0.223; a daily close below $0.223 could trigger a 20% move toward $0.18, while exchange outflows and indicators offer limited bullish relief.
How do short positions and exchange outflows affect HBAR price?
Rising shorts—about $2.96 million clustered near liquidation points—indicate heavy bearish conviction and potential forced selling on downside moves. In contrast, $3.18 million in exchange outflows suggest accumulation, reducing immediate liquidity available to sellers and potentially slowing sharp declines.
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Liquidation clusters were noted near $0.2249 and $0.2324, where over-leveraged long and short positions concentrate. These zones can trigger cascades if price tests them sharply.
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Source: https://en.coinotag.com/hbar-could-see-about-20-drop-amid-2-96m-shorts-3-18m-exchange-outflows-might-cushion-losses/