HBAR briefly touches 5-month high before sellers trigger sharp pullback

HBAR hit the highest price of 0.30 USD in five months due to positive market momentum. Yet, it experienced a swift downturn of almost 5% as traders seized the opportunity to take profits.

The increase in open interest by 8% suggests more traders anticipate further declines in HBAR prices. Additionally, the long/short ratio fell to 0.97, indicating a prevailing bearish sentiment among traders.