HBAR Bulls Face Potential $30 Million Loss According to This Technical Pattern

Technical setup signals trouble for HBAR optimists as key support levels threaten to collapse.

The Pattern That Spells Danger

Chart analysts spot formations suggesting bulls could hemorrhage significant capital if current levels fail. The $30 million figure represents potential losses based on current positioning and volume metrics.

Critical Support Under Fire

Price action tests crucial defensive lines that bulls have defended for weeks. A breakdown here would trigger automated sell orders and liquidations across major exchanges.

Market Psychology Shifts

Traders who rode the previous rally now face difficult decisions as momentum indicators flip bearish. The 'buy the dip' mentality gets tested when technicals scream caution.

Sometimes the charts know what your gut refuses to accept—especially when your portfolio's bleeding and Wall Street's probably betting against you.

Hedera Traders Are In Danger

According to the Liquidation Map, HBAR could face significant pressure if its price slides to $0.200. At this level, nearly $30 million worth of long positions are vulnerable to liquidation. Such a move WOULD undoubtedly rattle traders who have remained optimistic despite the recent market downturn.

These potential liquidations could weaken overall sentiment as Leveraged traders may scale back on exposure. If the price continues to hover near the liquidation trigger zone, bullish confidence may fade. 

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From a technical perspective, momentum indicators are signaling a bearish tilt. The Relative Strength Index (RSI) has slipped below the neutral 50.0 mark, showing that sellers are in control. A further dip in the indicator would confirm increasing downside momentum, reinforcing the likelihood of price weakness.

The loss of momentum highlights that HBAR is not gaining enough buying pressure to offset selling activity. Unless market conditions improve quickly, bearish sentiment could dominate. Without renewed demand, the altcoin risks slipping into deeper declines before any signs of recovery surface.

HBAR Price Faces Decline

At the time of writing, HBAR is trading at $0.212, showing clear signs of weakness. The descending wedge pattern suggests the token could retest the lower trend line, signaling further short-term downside. This aligns with the overall bearish sentiment surrounding the market.

The key support sits at $0.202, a level that, if breached, may trigger the $30 million in long liquidations. Such a development would put added pressure on HBAR holders. While recovery may come later, the immediate outlook remains pessimistic unless conditions change quickly.

However, a shift in momentum could alter the narrative. If HBAR price reclaims $0.219 or even $0.230 as support, it would invalidate the bearish thesis. This would provide traders with renewed optimism and the chance for a potential recovery.