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HBAR traders pull 150 million USD out of futures even as price hints at a new high

Open interest for HBAR has dropped from 367 million USD to 216 million USD, suggesting decreased trader confidence. The Relative Strength Index has hit a three-month low, reinforcing bearish sentiment. The price currently fluctuates between 0.25 USD and 0.40 USD.

Despite current bearish signs, HBAR could potentially surge by 684% if it successfully breaks the 0.40 USD resistance level. Traders need to monitor for support at 0.25 USD, as failure to maintain this level could lead to further declines.

This is community-generated content, not advice from ONUS.
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