Hedera’s price, currently at $0.216, shows signs of potential recovery after recent declines. If HBAR rises to $0.230, over $35 million in short positions could be liquidated, leading to a significant short squeeze and increased volatility. The altcoin has a strong correlation with Bitcoin, which influences its price trajectory; as long as Bitcoin remains above $110,000, HBAR may benefit. The next resistance is at $0.230, with the potential to push HBAR to $0.244. Conversely, failure to maintain momentum might lead to consolidation between $0.218 and $0.205, stalling further recovery efforts.
