HBAR faces heightened market volatility as technical indicators signal potential price turbulence and substantial liquidation risks. Current technical analysis reveals HBAR’s Relative Strength Index (RSI) hovering above 70.0, confirming overbought conditions that traditionally presage a corrective pullback.
The cryptocurrency is trading near $0.235 with immediate resistance at $0.241. Market observers identify $0.220 as the critical near-term support level. Failure to maintain this threshold could trigger accelerated selling momentum, potentially driving prices toward $0.205 and activating cascading sell-offs in the derivatives market.
Should HBAR decline to $0.20 or below, approximately $53 million in leveraged long positions face liquidation according to market data. Conversely, a decisive breakout above the $0.241 resistance could invalidate bearish projections and renew bullish momentum, potentially propelling prices toward the $0.267 level.
Market analysts caution that HBAR remains in a technical inflection zone, where the resolution of current resistance and support levels will likely determine short-term directional trends amid elevated market risk.