โ ๏ธ $HBAR Price Drop to $0.20 Incoming? $53M at Risk
๐จ HBAR hit resistance at $0.241 and is now struggling to maintain bullish momentum. The rally has stalled, with traders facing increasing pressure as key indicators flash warning signs.
๐ RSI is deep in overbought territory (>70), signaling potential reversal. With profit-taking likely, bullish exhaustion could lead to downside action. Many investors may rush to exit, compounding the risk.
๐งจ Liquidation map shows a danger zone. If HBAR dips to $0.20 or below, an estimated $53M in long positions could be wiped outโadding strong sell pressure and dragging the price lower.
๐ HBAR trades at $0.235 now, with $0.220 as immediate support. A drop below this could push it to $0.205โ$0.200. If that level breaks, a liquidation cascade becomes increasingly likely.
๐ง Bottom line: Momentum is fading, and traders should brace for potential correction. Holding above $0.220 is keyโbelow that, the sell-off could accelerate.