HBAR surged and then fell, with selling pressure concentrating and preparing for a significant drop.

Hedera Token rose 15% yesterday, the best increase in two months, but this upward momentum did not last. After hitting the resistance level, the price quickly lost momentum, with consecutive long upper wicks indicating strong selling pressure from above.
Red flags are appearing in the derivatives market, with short selling skyrocketing to 0.76, with three-quarters of the hedge funds betting on the fall. Such extreme market sentiment often becomes a self-fulfilling prophecy. The last line of defense for the bulls is at $0.2123, the starting point of this rally and also the beginning of its success.