HBAR Price Rally Faces Bearish Sentiment Despite Strong Weekly Gains

Hedera Hashgraph’s native token, HBAR, has surged nearly 15% in the past week, marking one of its strongest performances since July. However, on-chain data suggests that the bullish momentum may already be losing steam, with bearish sentiment putting pressure on its upward trajectory.

According to Coinglass, HBAR’s long/short ratio has dropped to a 30-day low of 0.76, highlighting increased bearish bets against the altcoin. A ratio below 1 indicates traders are positioning for a decline rather than a continued rally, reflecting weakening confidence in sustained price growth.

Sentiment data adds to the cautious outlook. Santiment reports that HBAR’s weighted sentiment has slipped back into negative territory, currently at -0.62. This metric, which tracks positive and negative mentions across social media, signals that investors are leaning pessimistic, which could weigh on HBAR’s near-term price action.

From a technical perspective, HBAR faces a crucial support level at $0.2123. If bulls fail to defend this zone, a sharper correction could drag prices toward $0.1702. On the flip side, if demand revives, the token could extend its rally and test resistance near $0.2762.

The combination of falling long/short ratios, negative social sentiment, and key support tests suggests heightened volatility ahead. While HBAR has shown impressive strength recently, traders should remain cautious as bearish market signals point to potential downside risks.