HBAR Nears Five-Month High Amid Overbought Signals, Faces Potential Liquidation Risks Below $0.24

Key Points

1. HBAR's price surged to $0.27, its highest level in five months, driven by bullish market sentiment.

2. The Relative Strength Index (RSI) remains above 70, indicating overbought conditions that may lead to a price correction.

3. A critical liquidation threshold at $0.24 could trigger $46M in long liquidations, increasing downward pressure on HBAR's price.

4. HBAR is testing the $0.26 support level; holding above it could push the price toward $0.30, while a drop below may lead to further declines to $0.22.

5. Traders should monitor key technical levels, including $0.26 support and $0.24 liquidation zone, to navigate near-term price movements.