Hedera Hashgraph's (HBAR) value has dropped by 10% due to the current downtrend in the cryptocurrency market. As a result, there has been an increase in short positions in the HBAR futures market as traders expect further losses. The long/short ratio for HBAR is currently at 0.96, indicating a bearish sentiment as more traders are betting on a price decline. Technical indicators, such as the Chaikin Money Flow, also suggest selling activity in the spot markets, putting downward pressure on HBAR. The altcoin faces resistance at $0.24 and risks falling to support at $0.20 or potentially even further to $0.16. However, if bullish momentum returns, HBAR could rally above the $0.24 resistance and potentially reach $0.28.



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