HBAR Plummets 7% in Liquidation Avalanche – Here’s the Damage
HBAR takes a nosedive as leveraged positions get steamrolled. The altcoin bled out 7% in a classic crypto domino effect—proof that even promising projects aren’t immune to market mechanics (or trader overconfidence).
Liquidation cascade wipes out weak hands
No fancy narratives here—just good old-fashioned margin calls. The sell-off snowballed as stop losses triggered more liquidations, because nothing brings traders together like a coordinated panic.
Silver lining for contrarians?
Every flush creates opportunity. HBAR’s fundamentals haven’t changed—just the leverage ratios of overzealous bulls. Traders who kept powder dry might find discounts… assuming they’ve got the stomach for crypto’s version of musical chairs.
Another day, another reminder that 90% of ‘market moves’ are just people getting liquidated at scale. The more things change…
- HBAR registered an aggregate trading range of $0.018, constituting 6.93% of peak valuation during the session.
- Robust resistance consolidated proximate the $0.252 threshold with multiple rejection attempts.
- Support infrastructure identified near $0.240, furnishing temporary price stabilisation.
- Trading volumes exceeded 109 million tokens, markedly surpassing the 24-hour average of 58.5 million.
- The terminal 20-minute period exhibited complete market paralysis at $0.243 on negligible volume, suggesting potential technical disruptions or acute illiquidity conditions.
- Distinct resistance consolidation emerged around $0.245 during the final trading hour.
- Provisional support materialised near the $0.242 level preceding market stagnation.
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