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Hedera price sinks 12%, hits weekly low as shorts gain momentum

Hedera’s (HBAR) price has sharply dropped by 12% this week, reaching a low of 0.26 USD. The fall aligns with a prevailing bearish sentiment in the market, as evidenced by traders favoring short positions.

The current Long/Short Ratio for HBAR stands at 0.86, indicating a market bias towards shorts. If selling pressure continues, HBAR may drop further—potentially to 0.24 USD or even 0.16 USD, although a demand increase could push it back up to 0.33 USD.

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