HBAR Faces Potential $53 Million Liquidation Risk Amid Overbought Conditions and Key Support Levels
2025-07-16 13:22:56
Main Idea
HBAR faces potential liquidation risks due to overbought conditions, with key support at $0.220 critical to preventing a drop below $0.20 and triggering $53 million in liquidations.
Key Points
1. HBAR's RSI is above 70.0, indicating overbought conditions and increasing the likelihood of a pullback.
2. A drop to $0.20 or below could trigger $53 million in long position liquidations, risking cascading sell-offs.
3. HBAR is currently trading at $0.235, with resistance at $0.241 and critical support at $0.220.
4. Failure to hold $0.220 could accelerate bearish momentum, pushing the price toward $0.205.
5. A breakout above $0.241 could restore bullish momentum, potentially driving the price to $0.267.
Description
HBAR is currently facing a critical $53 million liquidation risk as overbuying pushes its price to a strong resistance level, signaling potential downward pressure. The Relative Strength Index (RSI) indicates
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