Huge HBAR Liquidations Possible with Price Slump, Ending 7-Week Uptrend
Hedera's (HBAR) Comeback Rally:
In the past seven weeks, HBAR took a hit, plummeting from $0.265 all the way down to $0.130. Yet, it's time for renewed optimism, as the altcoin appears ready to recoup its losses. This development might be a blessing for investors, but it could lead to some traders facing massive liquidations.
Hedera Investors Seeing Green
The Chaikin Money Flow (CMF) indicator is showing promise, climbing into the green zone above the zero line. This points to inflows substantially surpassing outflows, suggesting a bullish prediction for HBAR. Investors seem to have regained their trust in the token, scooping it up at lower prices, anticipating a price surge.
As the CMF reaches its highest point since the beginning of 2025, it strengthens the positive sentiment, implying that Hedera's prospects are on the rise.
The liquidation map heralds a significant event for short traders. As the HBAR price edges towards $0.178, shorts may face a whopping $20 million in liquidations. This critical level is essential, and if HBAR manages to break through it, it could alter traders' mindset from bearish to bullish.
The impending liquidations could foster increased buying pressure, pushing the price skyward. The prevailing market conditions hint at a possible breakout, which might propel HBAR into uncharted territory, rewarding those who invested during the downtrend.
HBAR's Resurgence Sparks Hope
Currently, HBAR is trading at $0.171, reflecting a 3.3% growth today. Although this increase seems minor, it's more significant considering the break from a seven-week downtrend. This shift generates optimism among investors, suggesting that HBAR is gearing up for further recovery.
The next resistance lies at $0.177. Given the growing confidence and improving market conditions, it's likely that HBAR will challenge and surpass this hurdle. In such a scenario, HBAR could propel towards $0.197 and maybe even reach $0.200, signaling a bullish trend reversal.
However, if HBAR fails to breach $0.177, expect a reversal, resulting in the price falling to $0.154. Further declines could potentially pull HBAR down to $0.143. Any drop below $0.154 would invalidate the bullish outlook and reinforce the downtrend.
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- The Chaikin Money Flow (CMF) indicator for HBAR is currently showing a bullish prediction, with inflows substantially surpassing outflows.
- Investors have regained their trust in the HBAR token and are buying it up at lower prices, anticipating a price surge.
- As the CMF reaches its highest point since the beginning of 2025, it strengthens the positive sentiment, suggesting that Hedera's prospects are on the rise.
- The impending liquidations for short traders could foster increased buying pressure, pushing the HBAR price skyward.
- Currently, HBAR is trading at $0.171, reflecting a 3.3% growth today, and is gearing up for further recovery.
- If HBAR fails to breach the resistance at $0.177, a reversal could occur, potentially pulling HBAR down to $0.143, invalidating the bullish outlook and reinforcing the downtrend.
