Why are merchants betting on Hedra – and what can happen star-news.press/wp

Main meals

HBAR rose to $ 0.237, with a re -test of $ 0.26 resistance that has already caused 50 % correction. Is the bullish merchants strong enough to ignite the following penetration?

HEDERA (HBAR) is close to the decisive resistance of $ 0.26, which caused a 50 % price collapse earlier this year.

At the time of the press, HBAR hovers about $ 0.237, an increase of 1.6 % in the past 24 hours, According to To Coinmarketcap.

While the price tested this resistance once before, this gathering failed. The question now is: Will this re -test lead to outbreak or other drop?

Measures of ascending on the chain confidence

Despite fears of a possible correction, traders seemed to have an upward look because they were betting heavily on long situations.

Data from Coinglass It revealed that 66.02 % of Binance traders were long on HBARUSDT as of July 16.

Source: Coinglass

The long/short percentage was 1.94, indicating a strong upward deviation. This indicates the increasing confidence between derivative derivatives despite the general expenditures of the resistance.

However, these levels can attract an antibiotic if the bulls fail in the heart of $ 0.26 to support.

External flows indicate accumulation

Investors also showed attention and confidence in the distinctive symbol, as it is clear from their accumulation over the past 48 hours.

Coinglass data revealed that more than $ 4.48 million from HBAR was withdrawn from stock exchanges during this period.

This external flow indicates the correction of a possible accumulation, which may create the purchase pressure and help the assets violate the level of the key resistance.

Source: Coinglass

The technical preparation indicates a possible outbreak

Ambcrypto Hbar’s technical analysis shows a little less than the resistance area.

The outbreak can be sent above $ 0.265 the price to $ 0.37, which is 39.6 % of the current levels.

Source: TradingView

However, if the price fails in the outbreak, it risks a decline to $ 0.22, which is approximately 3 % of the downside.

Technically, HBAR is still upward on the upper timeline. The original continues to trading over the SIA moving average for 200 days (EMA) at $ 0.1808.

But traders must know: RSI has remained in 78 years, indicating the land of peak purchase and increasing the chances of short -term correction before any continuous outbreak.