Hedera – The importance of $0.188 support for HBAR’s upcoming movement

Currently, HBAR is trading at 0.1925 USD and has a significant support level at 0.1888 USD. As bearish sentiment grows among traders, the increase in short positions could indicate a further decline in HBAR’s price.

For HBAR to reverse its bearish trend, it must break above the descending channel. Additionally, recent approval of the spot HBAR ETF could potentially boost investor interest and shift market sentiment.