$HBAR has recently experienced a significant long liquidation of approximately $9,569.70 at a price of $0.24423.

This event underscores the heightened volatility and the critical juncture at which HBAR currently stands.

Current Support and Resistance Levels:

Immediate Support: $0.23

Immediate Resistance: $0.35

The $0.23 support level is crucial; a breach below this could lead to further declines. Conversely, overcoming the $0.35 resistance may pave the way for a bullish trajectory.

Technical Indicators:

Relative Strength Index (RSI): Currently at 35.58, indicating weak buying momentum. Without increased demand, there's a risk of further downside toward $0.16.

Price Prediction:

Analysts forecast that $HBAR could reach approximately $0.3463 by April 2025, suggesting potential growth from its current price.

Conclusion:

$HBAR is at a pivotal point. Traders should monitor the $0.23 support and $0.35 resistance levels closely. A decisive move beyond these thresholds will likely determine HBAR's next significant trend.

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