HBAR, the cryptocurrency token, has been in a period of consolidation with limited growth over the past two months. Its attempts to break out of the $0.40 resistance level have failed, causing skepticism among traders about its short-term performance. The increase in short contracts suggests uncertainty among market participants, questioning HBAR's ability to overcome resistance levels and regain investor confidence. However, the Relative Strength Index (RSI) remains above the neutral mark, indicating some underlying strength and potential for HBAR to avoid sharp declines. If HBAR can establish $0.33 as a support floor and break above the $0.39 resistance level, it could potentially rally toward $0.47 and even reach its all-time high of $0.57. On the other hand, a decline to $0.25 would result in continued consolidation and potential long-term weakness. The overall market sentiment will play a crucial role in determining HBAR's direction.



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