HBAR, the native token of Hedera, has been experiencing a steady uptrend recently, attracting the attention of investors. The price surge has contributed to increased trading activity, but for traders, especially those holding short positions, this could lead to significant liquidations. While the altcoin is expected to continue its rise, the situation may become challenging for those who bet against it. HBAR Traders Are In Danger The Chaikin Money Flow (CMF) indicator shows strong inflows into HBAR, signaling that investor sentiment is bullish. The CMF has bounced above the zero line for the first time since December 2024, showing strong demand. The inflows indicate that investors continue to pour money into the asset, bolstering the price movement. With the CMF turning positive, the likelihood of sustained growth for HBAR increases, as long as the broader market maintains its bullish tone. HBAR CMF. Source: TradingView The liquidation map for HBAR, which tracks short positions, indicates that traders betting against the asset could face significant losses if the price continues to rise. HBAR’s current price sits at $0.19, not far from the key resistance level of $0.22. If HBAR breaches this resistance, approximately $70 million worth of short positions could be liquidated, leading to further upward pressure. This scenario highlights the intense battle between bullish investors and bearish traders. Short traders who bet against HBAR are now at risk, as the broader market sentiment pushes the altcoin higher. The increasing momentum fueled by the strong inflows will likely catch many short positions off guard, forcing them to liquidate. If this liquidation occurs, it could lead to a sharp rise in the price of HBAR, further solidifying its bullish outlook. HBAR Liquidation Map. Source: Coinglass HBAR Price Continues Its Incline HBAR is currently trading at $0.194, just below the significant resistance level of $0.200. The altcoin has shown consistent growth over the past month, and with the current positive market sentiment, it is likely to continue rising. A successful break above $0.200 could confirm the bullish momentum and open the path for further gains. Should HBAR manage to flip $0.200 into support, a rise to $0.220 would likely follow, triggering the $70 million in short liquidations. This would create additional upward pressure, accelerating HBAR’s price move and potentially pushing it higher in the short term. HBAR Price Analysis. Source: TradingView However, if HBAR fails to maintain its upward trajectory and falls below the uptrend line, the price could slip under the $0.182 support level. Such a decline would likely bring HBAR to around $0.167, invalidating the current bullish outlook. Therefore, traders should closely monitor these key levels to determine the next steps for HBAR’s price action.
Ripple Price Analysis: XRP Seems Ready to Break Out of Consolidation Phase
53 min ago
Fed Signals One Rate Cut in 2025: What It Means for Crypto
55 min ago
Bitcoin Market Cap Breaks All Time High; Moves Past Silver and Google
56 min ago
Coinbase Data Breach Will ‘Lead to People Dying,’ TechCrunch Founder Says
57 min ago
Bitcoin Season in Full Swing as Altcoins Struggle to Keep Up, Analysis Shows
58 min ago
Ethereum Price Analysis: ETH Testing Crucial Resistance Line, Is $3K Next?
59 min ago