- Hedera (HBAR) dropped 25% with futures liquidations exceeding $1 billion, signaling strong market shakeout and volatility.
- RSI bullish divergence, suggests waning bearish pressure and a possible breakout above the $0.19 resistance level.
- In the past week there has been stable trading volumes across major crypto exchanges.
HBAR has dipped notably in the past 7 days but trading volume remains strong at over $351 million, showing traders are still paying close attention. HBAR and the broader Crypto community is recovering from the recent crash that triggered a mass liquidation.
RSI Shows Bullish Divergence on Chart
An analysis post by veteran trader Matthew Dixon on X suggests HBAR may be getting ready for a bounce. The chart shows a long wick from October 11, pointing to heavy selling that was quickly bought up.
Price has stayed flat or moved lower, the RSI has started moving higher showing signs of bullish divergence.This pattern often appears before a reversal, as selling pressure fades.
However, RSI is still under 50, which means bulls haven’t fully taken control yet. Dixon points out that a breakout in RSI and price — backed by volume — could push HBAR up toward the $0.19–$0.20 zone, a key area it traded at before the drop.
HBAR Faces High Selling, But Interest Stays Strong
Hedera (HBAR) dropped 11% in the last 24 hours alone. The move came with a spike in trading activity. Futures trading volume hit $472.17 million, while spot trading reached $150.03 million. Binance led the action with $141.45 million in HBAR futures trades.
The long/short ratio is now slightly bearish, with more short positions showing up. Liquidations surged by nearly 100% in just 24 hours, clearing out over $1 billion worth of trades — mostly long positions. This shows that many traders were caught off guard during the price drop.
Open interest also fell to $151.94 million, meaning some traders have left the market for now. Despite the drop, trading volume stayed high across exchanges, especially on Bitunix, where volume jumped 123%. That suggests many are still watching closely for a recovery.
Market Cap Shows Signs of Recovery Attempt
HBAR’s market cap has also taken a hit, falling from around $9.3 billion to $6.7 billion between October 11 and 17. This shows strong sell pressure across the market. A small recovery mid-week brought the cap back near $8.2 billion, but that move didn’t last.
Another drop followed, but now a small bounce can be seen in the latest data. This may be early signs of buyers stepping back in at these lower levels. Trading volume stayed steady, showing people are still actively trading HBAR, even after the dip.
Overall, the recent price and chart signals hint that HBAR might be close to finding a bottom. If RSI breaks higher and the price clears key levels, a short-term recovery could take shape soon.
