Hedera

<ul><li>Declining open interest in HBAR futures suggests decreased market participation and bearish sentiment.</li><li>Stabilized support at 375.297M OI and -1.453B Perp CVD may signal potential market reversal points.</li><li>Mixed indicators with bullish 1-day stochastic RSI and KST, but MACD suggests possible short-term downward pressure.</li></ul>In recent market activity, the open interest (OI) in Hedera (<a href="https://cryptotale.org/hbar-price-targets-set-by-analyst-key-levels-to-watch/" rel="noopener noreferrer nofollow">HBAR</a>) futures contracts has experienced a notable decline. This trend, as indicated by <a href="https://x.com/CredibleCrypto/status/1791342190918095148" rel="noopener noreferrer nofollow">CrediBULL Crypto</a>, a crypto analyst, OI bleeding indicates a substantial decrease in active contracts. The reduction in OI typically signals diminished market participation or a wave of liquidations, suggesting a bearish sentiment.The OI chart reveals a critical support level around 375.297 million contracts. At this point, traders show reluctance to close additional positions, which could stabilize the market. On the upside, the resistance level near 800 million contracts marks a previous high in market participation. This peak suggests a point where traders might start selling again if the price rises.<a href="https://cryptotale.org/decoding-hbar-can-support-at-375m-oi-signal-a-trend-reversal/" rel="noopener noreferrer nofollow">Read more on Cryptotale</a><a href="https://cryptotale.org/nft-rollercoaster-decentraland-takes-a-dip-enjin-coin-surges-axie-infinity-holds-strong/" rel="noopener noreferrer nofollow">.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Decoding HBAR: Can Support at 375M OI Signal a Trend Reversal?

CryptoTale

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