HBAR Price Teeters on Range Breakout Verge - Will Bulls Take Another Hit?

HBAR stands at the technical precipice, dancing dangerously along support levels that could make or break its near-term trajectory.

The Consolidation Conundrum

After weeks of sideways action, HBAR's price compression suggests an imminent volatility explosion. Technical indicators show the cryptocurrency coiling like a spring, with trading volume patterns hinting at institutional positioning for the next major move.

Critical Levels in Play

Watch the $0.085 resistance and $0.072 support zones—breach either and we're looking at a 15-20% swing minimum. The 20-day moving average currently acts as both psychological and technical battleground for traders fighting over HBAR's soul.

Market Sentiment Divergence

While derivatives data shows leveraged longs piling in, spot market flows tell a more cautious story. This classic divergence often precedes sharp, painful moves that leave one side of the trade nursing significant losses—usually the over-leveraged retail crowd chasing yesterday's momentum.

Breaking point approaches for HBAR as traditional finance types suddenly remember they 'understand blockchain' whenever price action gets interesting. Place your bets—the house always wins.

Palantir CEO strikes defiant tone

Burry had accused hyperscalers of artificially boosting earnings tied to the AI trade. Palantir CEO Alex Karp appeared twice in one week on CNBC and responded to Burry by straight up accusing him of market manipulation, and calling the investor’s actions “egregious.” Alex said, “The idea that chips and ontology is what you want to short is bats— crazy.”

Alex continued to defend the company in a letter to shareholders, saying the company now gives everyday investors access to returns once “limited to the most successful venture capitalists in Palo Alto.”

On the earnings call, he added, “Please turn on the conventional television and see how unhappy those that didn’t invest in us are. Enjoy, get some popcorn. They’re crying. We are every day making this company better, and we’re doing it for this nation, for allied countries.”

But November did not actually start off bad for Palantir, as it actually opened the month with strong earnings. Cryptopolitan reported that Palantir beat Wall Street’s third-quarter revenue and profit estimates, delivering its second straight $1 billion revenue quarter.

Sadly, concerns over valuation took over right after the results, and the stock slid as traders moved to cut risk.

Soon after the earnings drop, Jefferies sent a note to clients on November 6 calling Palantir’s valuation “extreme” and saying that traders would find better risk and reward in other AI names such as Microsoft and Snowflake.

RBC Capital Markets followed with its own note the very next day, pointing to Palantir’s “increasingly concentrated growth profile.” Deutsche Bank also jumped in to call the company’s valuation “very difficult to wrap our heads around.”

Even as shares stayed weak, Palantir still announced new business in November, signing a multi-year contract with PwC aimed at speeding up AI adoption in the U.K. It also closed a deal with FTAI, a company that works in aircraft engine maintenance. The deals brought fresh activity to the business but failed to slow the selling tied to valuation fears that stayed fixed across the AI market.

AI stocks slide as valuation fears spread

The fall in Palantir tracked a wider retreat across expensive tech stocks. Throughout November, investors dumped high-priced AI names on fears that the space had grown overstretched. Nvidia fell more than 12% for the month. Microsoft and Amazon each dropped about 5%.

The losses were heavier in quantum stocks. Rigetti Computing and D-Wave Quantum both lost over one-third of their market value before the month ended. Among the so-called Magnificent 7, only Apple and Alphabet finished November with gains.

Even amid the steep crash, Palantir’s stock still trades at about 233 times forward earnings, per Yahoo Finance’s data. By comparison, Nvidia trades near 38 times, while Alphabet trades around 30 times as of Friday’s close. So this gap keeps traders locked on how much future growth is already priced into the shares.

On November 4, Morgan Stanley raised its price target on Palantir to $205 from $155 while keeping an Equal Weight rating. The company pointed to the company’s ninth straight quarter of accelerated growth, along with Q4 growth guidance and strong new business bookings in Q3.

Freedom Capital later flagged longer-term risk, pointing to a possible slowdown in U.S. commercial growth after a record year, pressure on defense budgets, and margin strain from heavy hiring tied to AI work.

Freedom also said the PLTR stock remains elevated and warned that the current pace of growth is “unlikely to persist indefinitely.”

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