Hedera HBAR’s $46M Liquidation Risk Looms Despite Bullish Rally
Hedera HBAR's recent price surge conceals significant risks as technical indicators sound alarms. The cryptocurrency's Relative Strength Index (RSI) has maintained overbought territory above 70.0 for seven consecutive days, a historical precursor to corrections.
Liquidation heatmaps show a precarious concentration of long positions at the $0.24 support level. A dip to this critical threshold could force $46 million in liquidations, potentially triggering a domino effect of sell orders.
While benefiting from overall crypto market enthusiasm, HBAR confronts twin pressures of profit-taking and leveraged position unwinding. The asset now balances between continued upward momentum and technical vulnerability that could undermine trader confidence.
