HBAR Price Hovers at $0.12 as Smart Money Waits
Hedera (HBAR) is trading at $0.12 after a 5.15% intraday gain, but its price action raises concerns about overbought territory and a potential mean-reversion reckoning.
Despite being 50% above its long-term average, HBAR's chart is screaming that this run is stretched, with the RSI at 75.63 and the MACD histogram flatlined at zero indicating momentum has left the building.
However, top traders are running a net long position of 65.5%, with retail investors holding 61% of their positions, suggesting smart money hasn't distributed yet and could be waiting for a pullback to enter.
The invalidation level for bearish scenarios is a clean daily close above $0.14 on strong volume, which would represent a structural trend change and accelerate the bull case.