$HBAR bulls have taken a hit, with $3.74M in long positions liquidated as the price retraced to $0.33221.

This sharp move downward has shaken confidence, signaling that bears aren’t ready to back down just yet.

What Triggered the Drop?

1. Resistance Rejection: HBAR faced heavy selling pressure near key resistance levels, halting the rally.

2. Bearish Momentum: Increased sell orders pushed the price lower, triggering a cascade of long liquidations.

3. Market Volatility: Sudden price fluctuations have caught

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