Spot Buyers Step In, Futures Sit Out — Can HBAR Recover?

HBAR is showing signs of a modest recovery following last week’s sharp market crash, largely driven by spot investors buying the dip. 

However, the Futures market tells a different story. Confidence among derivatives traders remains low, raising concerns about whether HBAR’s rebound can sustain its current momentum.

Hedera Traders Remain Skeptical

Despite the recovery in spot trading, HBAR’s Open Interest (OI) has yet to bounce back from the heavy losses seen during the crash. The Futures market experienced liquidations exceeding $200 million in a single day, pulling OI down to $202 million, where it continues to stagnate.

This stagnation reflects persistent skepticism among Futures traders about HBAR’s near-term prospects. Their hesitation to re-enter the market could hinder broader price recovery, as Futures activity often reinforces bullish momentum in volatile markets.

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HBAR Open Interest. Source: Coinglass

On the other hand, technical indicators show some encouraging signals. The Chaikin Money Flow (CMF) has spiked significantly since the crash, indicating strong inflows from spot investors. 

This suggests that long-term holders and opportunistic buyers are taking advantage of lower prices to accumulate positions, aiding HBAR’s partial recovery.

However, CMF is approaching the 0.20 saturation mark, historically a level where inflows begin to slow and reversals can occur. If this pattern repeats, HBAR could face short-term headwinds, especially if broader market sentiment fails to improve.

HBAR CMF. Source:  TradingView

HBAR Price Finds Support

HBAR has gained 14% since the crash, currently trading at $0.187 while attempting to secure $0.188 as a support floor. Holding this level is essential for maintaining recovery momentum and preventing another pullback.

The altcoin dropped by 25% during the crash, and a full rebound would require reclaiming $0.219. This move depends on collaboration between spot buyers and Futures traders. Without Futures market support, HBAR risks slipping back to $0.180 or lower.

HBAR Price Analysis. Source:  TradingView

However, if HBAR price receives renewed backing from investors, the altcoin could breach the $0.198 resistance. This would push the crypto token toward $0.205, signaling a return of bullish strength.