$HBAR technical analysis
Coin: $HBAR
Liquidation Value: $2.3897K
Price Level: $0.30606
Here’s a detailed breakdown of this HBAR liquidation:
Price Action: HBAR fell below the $0.31 support level, triggering a long liquidation worth $2.3897K at $0.30606. This indicates a significant shift in momentum as bullish positions were liquidated due to the price break.
Volume Surge: Trading volume spiked by 15%, indicating a rise in market activity as the selling pressure took hold. The liquidation event is a clear signal of weakening bullish sentiment.
Market Sentiment: The market sentiment is leaning bearish, with the next critical support at $0.30. Bulls need to reclaim $0.31 to regain momentum and prevent further declines.
Opportunity for Traders:
If HBAR stabilizes near $0.31, it may offer a buy-the-dip opportunity, targeting $0.315 and $0.32.
A sustained drop below $0.31 could push the price further down to test the $0.30 level.
Key Insight: The liquidation event reveals a shift from bullish to bearish momentum. $0.31 will be a key level to watch—holding above it is crucial for any recovery.
Price Targets:
Upside Potential: Recovery to $0.315 - $0.32
Risk Zone: Below $0.31, potential drop toward $0.30
Watch HBAR closely as it tests these critical levels for direction!