$HBAR HBAR/USDT 30-Minute Analysis: Bullish Spike, Potential Exhaustion Ahead

Market Overview:

• Last Price: $0.19872 (+18.08%)

• 24H Volume: $734M – High liquidity driving current bullish momentum.

• Funding Rate: 0.01% – Neutral sentiment but could shift rapidly.

Indicators and Observations:

1. Moving Averages:

• MA(5): $0.20277 – Indicates short-term resistance.

• MA(10): $0.19637 – Key short-term support for immediate retracements.

• MA(30): $0.17894 – Represents a significant support level for deeper corrections.

2. Open Interest:

• Increasing steadily at $367M, indicating rising participation but potentially hinting at over-leverage.

3. Symbol Liquidations:

• Shorts Liquidated: $35.73K – Reflects panic selling.

• Longs Liquidated: $18.15K – Indicates profit-taking or stop-loss triggers.

4. Aggregated Long/Short Ratio:

• 0.8138 – Bearish sentiment persists, with more sell pressure compared to buy volume.

Key Levels to Watch:

• Immediate Resistance: $0.20927 – Recent peak, likely to attract heavy selling pressure.

• Immediate Support: $0.18699 – First target for correction.

• Deeper Support: $0.17894 – Aligned with MA(30), serves as a strong base for further bullish attempts.

Analysis:

The sharp rally showcases strong bullish momentum driven by volume spikes. However, the aggregated long/short ratio and growing liquidations suggest potential exhaustion. Swing traders should prepare for retracements as price struggles near resistance levels.

Bearish Trading Plan:

• Entry Zone: $0.198–$0.202

• Target 1: $0.186

• Target 2: $0.178

• Stop-Loss: $0.210

Conclusion:

While HBAR shows remarkable short-term strength, signs of overbought conditions and liquidations indicate a cooling phase. Swing traders should leverage this setup for potential bearish corrections while monitoring volume for sudden reversals.