Hedera is back in focus after a few shaky days of trading. At the time of writing, HBAR is moving around $0.235, holding just above short-term support but still struggling to gain momentum. The token has been stuck in a narrow band between $0.225 and $0.260 for weeks, and the market looks like it’s waiting for a spark.
What you'll learn 👉
What the HBAR Chart Is Showing
HBAR’s recent price action is choppy. Sellers pushed the token down from a local high at $0.26 on August 23, with a sharp drop toward $0.232 before a modest bounce. For now, the chart is showing a clear short-term floor in the $0.232–$0.234 range, with heavier support waiting below at $0.225–$0.228. On the upside, resistance levels sit at $0.242–$0.245, then higher at $0.255–$0.260.
In other words, the setup is still range-bound. Buyers and sellers are playing tug-of-war inside this tight zone.
Market Indicators
The indicators give a bit more color on what’s happening behind the scenes.
- Volume: Daily trading volume is light, sitting at around 27.6M, with projections pointing closer to 57M. The last real spikes came during the August 23–24 selloff, and since then participation has dried up. Without fresh volume, it’s hard to expect a decisive breakout.
- Open Interest: Open interest has ticked slightly higher, climbing from $284M to $286M. That tells us new positions are being opened into the chop, which often sets up for a bigger move once one side blinks.
- Net Long / Net Short: Here’s where it gets interesting. Net long positions are sitting deep in the red, around – $728M, while net shorts are stacked at $807M and still climbing. In plain terms, shorts dominate the market right now. But that can cut both ways – it shows bearish pressure, but it also means there’s fuel for a short squeeze if buyers reclaim momentum.
Hedera Price Short-Term Outlook
Over the next 24–48 hours, HBAR is likely to keep bouncing inside this same range. A 4H close above $0.245 with strong volume could be the signal bulls need to squeeze shorts and drive price toward $0.255–$0.260. From there, the $0.265 region comes into play.
On the flip side, if price slips below $0.232, a fast retest of $0.228 and even $0.225 is likely. A break under $0.225 would hand control to sellers and open the door to a deeper move toward $0.220–$0.215.
HBAR is in a waiting game. Shorts are heavy, volume is quiet, and open interest is creeping higher. That mix often ends with a breakout. The question is whether demand returns at the right moment. For now, watch $0.232 as key support and $0.245 as the trigger for a bullish squeeze.
Read also: Here’s Where Ethereum Price Is Headed in the Next 24–48 Hours
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