Hedera Price Test: Can HBAR Bulls Reclaim $0.10?

HederaHBAR-2.13% Faces Strong Resistance After Recent Price Swing

Hedera (HBAR) has experienced notable price movement recently, but buyers are now running into tough resistance. After attempting a strong rally toward $0.13, the price gave back a good portion of those gains.

Right now, HBAR is trading around $0.0861, with its recent daily candle closing at $0.085. Buyers are trying to keep the recovery alive, but sellers are defending the key $0.09 level.

Please keep in mind that past performance of digital assets is not a guarantee of future results. You can monitor live market activity on Bitkub HBAR Market.

Could a Short Squeeze Push HBAR Higher?

A short squeeze happens when traders who bet against a coin are forced to buy back their positions as the price climbs. This sudden buying action can push prices up quickly.

Hedera's current liquidation map suggests this scenario is possible. There is a growing concentration of short positions positioned just above the current $0.0861 price level.

Liquidation Zones Above the $0.09 Mark

The cumulative short-liquidation curve rises sharply above $0.09. If buyers manage to push the price beyond this hurdle, sellers may have to close their positions.

This forced buying could push prices toward the $0.095 to $0.10 zone, where another pool of liquidations sits. While this data shows potential upward fuel, it indicates potential market volatility rather than a guaranteed price surge.

Derivative Metrics Show Rising Market Activity

Derivatives data shows that trader engagement around HBAR is growing. Open interest, which measures the total value of outstanding derivative contracts, has climbed to nearly $389.72 million.

This total is getting close to the highs seen during the late-September rally. When open interest rises along with price attempts, it typically signals that new positions are entering the market.

At the same time, the funding rate stands at 0.0059%. This positive rate means long traders are paying short traders, showing a slight long bias in the market.

Key Technical Price Levels to Watch

From a technical standpoint, HBAR faces clear price boundaries in the short term. The first major hurdle for buyers is at $0.08917.

If buyers can secure a daily close above $0.08917 while maintaining strong volume, HBAR could test resistance levels at $0.097 and the psychological $0.10 mark over the coming weeks. This scenario depends on steady buying support and favorable overall crypto market conditions.

On the downside, HBAR needs to protect its rising trendline near $0.085. If selling pressure breaks this level, the price could drop toward the support level at $0.07938 instead.

What Is Next for Hedera (HBAR)?

Hedera's recovery is at an important juncture. The outcome will depend on whether buyers can overcome current selling pressure.

If long momentum builds and breaks through $0.09, a return toward $0.10 remains possible. However, if sellers remain in control or if broader market sentiment turns negative, HBAR may fail to break resistance and could pull back toward lower support levels.