🔴🔴Cryptocurrency forecast $HBAR 🔴🔴

based on elimination heat map

The liquidation heat map for the HBAR cryptocurrency over the past three months shows significant price fluctuations and liquidation levels, which allows us to draw several conclusions and predictions:

Support and resistance:

Major support levels are around $0.10, where there is significant buying and holding. Resistance levels are visible around $0.18, indicating areas where sellers are actively liquidating their positions.

Volatility:

Significant peaks in liquidations, as seen in mid-April, indicate periods of high volatility. This can be caused by news, network updates or market conditions. After such peaks, there is usually a correction and price stabilization.

Current trend:

Currently, HBAR price is in the $0.10-$0.12 area, indicating a possible period of consolidation. If the price breaks the resistance level around $0.12, we can expect a move to the next resistance level around $0.14-$0.16.

Forecast:

If the current support level holds, we can expect a gradual recovery and an increase in the price of HBAR.In case of a breakdown of the support level around $0.10, a short-term decline to lower levels around $0.08 is possible.