HBAR Whales Load Up on HBAR at Critical Support

Hedera Hashgraph's HBAR token has been struggling recently, shedding nearly 4% in a single session and currently trading at $0.07.

This price level represents critical support for HBAR, with double-stacked support levels converging here.

Despite the technical difficulties, top traders are positioning themselves with 60.2% of their bets being on the long side against 39.8% short, indicating a decisive directional bet rather than a hedge.

The retail crowd is more indecisive, with a global long/short ratio of 1.07, barely leaning towards being long at 51.6%.