HBAR has recently experienced significant growth, bringing the altcoin back into a key consolidation zone just below $0.20. Trading near this critical level, HBAR shows signs of strong momentum.

A successful breakout at $0.20 could mark the beginning of further gains, provided that bullish market conditions continue to support this movement.

HBAR traders are optimistic

Market sentiment around HBAR remains extremely optimistic, as evidenced by its funding rate, which has remained positive for nearly two weeks. A positive funding rate indicates that traders are confident in the bullish trajectory of the altcoin and are positioning themselves for potential profits.

Moreover, the dominance of long contracts underscores the increased bullish sentiment among investors. Traders are actively betting on the price increase of HBAR, reinforcing the view that the altcoin may soon overcome its key resistance. The broader macroeconomic momentum for HBAR is mixed, creating both opportunities and risks. The liquidation map shows that about $42 million in long contracts are at risk if the price of HBAR falls to $0.167. This highlights the critical importance of resistance at the level of $0.200.

Given this situation, maintaining current price levels is crucial for HBAR. If the altcoin fails to sustain its upward momentum and investors lose confidence, the result could be liquidations that significantly impact the trajectory of its price. The price of HBAR aims to exceed $0.20.

HBAR is currently valued at $0.193, holding just below the critical resistance at $0.200. This level has remained unbroken for over a month and a half. Historically, repeated failures to overcome significant resistance levels have often led to declines, making the current situation critical for the short-term direction of HBAR.

If HBAR fails to break through $0.200, the altcoin may lose support at $0.182 and drop to $0.167. A fall to this level would trigger the liquidation of contracts amounting to $42 million, likely intensifying downward pressure and causing further market difficulties. Conversely, if overall market conditions remain favorable and investors continue to support HBAR, the altcoin may successfully breach the barrier at $0.200. Achieving this level would nullify the bearish forecast and set HBAR on a path to $0.222, opening up opportunities for a recovery in bullish momentum.