Hedera (HBAR) Price Analysis
Hedera (HBAR) has been on a downward trend despite the overall market’s bullish sentiment. Short-term conditions suggest further declines may occur.
HBAR Is Facing Uncertainty
The Ichimoku Cloud indicator displays a bearish outlook for HBAR, indicating downward momentum with candlesticks positioned below the basis line. This suggests a prevailing bearish market sentiment, making a bullish reversal seem unlikely.
Furthermore, the widening Ichimoku Cloud points to increasing bearish pressure.
Liquidation Risks
If HBAR’s price drops to the critical support level of $0.177, it could trigger liquidations worth $13.3 million, impacting market sentiment and leading to further losses as traders may pull back due to fear of continued declines.
HBAR Price Analysis
Currently trading at $0.195, HBAR is trying to maintain support but faces challenges due to bearish indicators, including potential liquidation. If HBAR fails to hold the $0.195 level, it may fall to $0.177, indicating continued bearish trends. Conversely, a bounce at $0.195 could lead to a rise towards $0.222, challenging the bearish outlook and providing a potential recovery path for investors.
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