HBAR, the native cryptocurrency of the Hedera Hashgraph network, has recently seen a significant decline, extending a bearish trend. The altcoin is currently in a challenging period with potential further losses ahead. A concerning technical indicator for HBAR traders is the Death Cross formation, occurring for the second time in six weeks. This bearish pattern happens when the 200-day EMA crosses above the 50-day EMA, signaling a potential downside shift. The current liquidation map highlights the risk for traders if HBAR drops below $0.163, potentially triggering $11.5 million in liquidations. The market sentiment lacks strong buying pressure, indicating a possible continuation of the bearish trend. HBAR is currently trading at $0.171, aiming to recover losses. To reverse the downtrend, it must secure $0.200 as support. Failure to breach $0.172 could lead to consolidation above $0.163 or a drop to $0.154, while flipping $0.172 to support could signal a recovery toward $0.182. Read more AI-generated news on: https://app.chaingpt.org/news