HBAR Traders on the Brink: $46M Liquidation Looms Despite Bullish Surge

HBAR's rally hits a wall of leverage—traders are flirting with disaster as $46 million in positions hang by a thread.

Price pumps can't paper over reckless overexposure. When the music stops, the crypto casino always collects its dues.

HBAR Traders Could Be In Trouble

The Relative Strength Index (RSI) for HBAR has been sitting above 70.0 for the past week, signaling overbought conditions. Historically, when assets enter this zone, a price cooldown tends to follow.

The rally so far has been backed by positive sentiment in the broader crypto market, but HBAR may soon feel the pressure of profit-taking.

While the momentum is positive, indicators are flashing caution. Overbought zones often lead to corrections, especially when traders decide to secure gains. If history repeats itself, HBAR may follow the same pattern and experience a short-term decline, affecting its upward trajectory.

Zooming out, the broader momentum presents another concern. Liquidation maps show a cluster of potential long liquidations just below the current price range.

If HBAR drops to $0.24, the data suggests it could trigger up to $46 million in long liquidations. This would likely lead to an acceleration of losses as Leveraged traders exit their positions.

Such a cascade could create selling pressure that outweighs bullish sentiment, making recovery more difficult. If this scenario plays out, market confidence could be shaken, with many retail investors pulling back. This macro setup warrants caution despite the current price strength.

Can HBAR Price Rise Continue?

HBAR is currently attempting to confirm $0.26 as a solid support level. If successful, this WOULD give the altcoin the foundation to climb further. A stable hold above this mark could push HBAR toward the psychological $0.30 mark, extending its five-month high streak.

However, should overbought risk materialize, the altcoin could fall to $0.24, triggering a liquidation event. This could send HBAR tumbling to $0.22, wiping out recent gains and shaking short-term confidence in the rally.

Alternatively, if bullish cues from the broader market persist, HBAR may bounce off $0.26 and reclaim the $0.30 level. This would invalidate the bearish outlook and continue rising on the daily chart.