HBAR’s ETF Drama: Will It Bounce Back or Ghost Us? 👻💸

by

Oh, HBAR, you fickle little token! Hedera’s darling slipped a cool 4.5% in the 24 hours after Canary Capital’s spot ETF launch on October 28. Classic sell-the-news move, right? Traders were like, “Thanks for the 18% rally last week, but I’m cashing out now, bye!” 🤑👋

But hold your horses, crypto cowboys! The ETF’s magic might just be fashionably late. While short-term traders bolted like they heard a bear market was coming, technical and on-chain data whisper (okay, shout) that this pullback could be the calm before the next rally storm. ETF buzz: the late bloomer of the crypto prom. 🌸💃

Head-and-Shoulders: The Breakout That Refuses to Break Up 💪🤏

Remember October 26? HBAR confirmed an inverse head-and-shoulders breakout, basically the crypto equivalent of a “new me, who dis?” moment. It hit its target near $0.219 like a boss, then took a little nap. But don’t worry, it’s not ghosting us-as long as it stays above $0.161 (the right shoulder base), this romance isn’t over. 💑📈

Chaikin Money Flow (CMF) is like that supportive bestie who says, “You got this!” It stayed above zero during the dip, proving big buyers were like, “Oh, it’s on sale? I’ll take 10!” 🛍️💸 The only hiccup? CMF made a slightly lower low, so inflows are steady but slowing. Think of it as a slow dance before the next big move. 💃🕺

Want more crypto tea? ☕ Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. You know you’re curious. 😉

Short Squeeze Alert: Will Shorts Get Squeezed Like a Lemon? 🍋💥

Derivatives market drama? Oh, it’s serving. Traders are betting the ETF buzz is so last week, piling into short positions like it’s Black Friday. Bybit’s liquidation map shows shorts outweighing longs 2-to-1, with $20.49 million in short exposure vs. $9.68 million in longs. Yikes. 😬

Here’s the tea: if HBAR hits $0.198, shorts start getting liquidated faster than a bad first date. 🚀💨 And if it breaches $0.219? Say goodbye to those shorts-they’re toast. 🍞🔥

HBAR’s Uptrend: Still Got It? 💅✨

On the 4-hour chart, HBAR’s flexing harder than a crypto influencer. Trading above key EMAs, with the 20 EMA about to crossover the 200 EMA like it’s 2017 all over again. Golden crossover? More like golden ticket. 🎟️✨

RSI flashed a hidden bullish divergence between October 27-28-price made a higher low, RSI made a lower low. Translation? The trend’s still your friend. 👯‍♀️

Support’s at $0.197-if buyers hold it, we’re looking at $0.205, $0.219, and $0.233. But if it dips below $0.190? We might need a therapist. 🛋️ And if it falls below $0.161? The trend’s officially ghosting us. 👻

Read More

2025-10-29 20:07