HBAR Price Wobbles: Death Cross Looms, $30M Liquidation Risk

Hedera Hashgraph (HBAR) is experiencing price volatility, hovering near critical support levels. This price action leaves short traders vulnerable to significant losses, with approximately $30 million in short contracts at risk of liquidation if HBAR rises to $0.18. However, the current price near $0.157 offers some temporary respite.

Hedera Traders Face $30 Million Liquidation Risk

The current market situation presents a double-edged sword for short traders. While a price increase to $0.18 could trigger massive liquidation losses, the price holding above key support levels offers a buffer against these losses for now. The following image illustrates the potential liquidation risk:

Imminent Death Cross Adds to Bearish Pressure

Adding to the bearish pressure, HBAR is approaching a "Death Cross." This technical indicator, formed when the 50-day exponential moving average (EMA) crosses below the 200-day EMA, often signals a continuation of a bearish trend. The EMAs are currently very close, increasing the probability of this bearish signal forming in the near term. See the chart below:

HBAR Price Analysis: Support and Resistance

HBAR is currently trading at $0.157, slightly above the crucial support level of $0.154. A break below this level could trigger a sharper decline, with potential support at $0.143. Conversely, a rebound from $0.154 could lead to a price increase, potentially reaching $0.177.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Market conditions are volatile. Conduct thorough research before making any investment decisions.

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