$55 Million HBAR at Risk of Liquidation as Bearish Crossover Appears After 7 Weeks

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HBAR has recently lost momentum, with price action showing little upward price strength in recent days.

The decline of this altcoin has erased previous profits, signaling a complete loss of upward price momentum. change. change indicates potential losses for traders holding long positions.

HBAR is declining

The Moving Average Convergence Divergence (MACD) indicator has recorded the first price downcross in nearly seven weeks. The signal line crossing above the MACD line, accompanied by a red bar on the histogram chart, confirms this momentum change. This transition from an an upward price zone to a downward one raises concerns about about the H'S short-term prospects.

, this indicates this indicates the altcoin may a price decline, weakening investor confidence.

HBAR MACDBAR MA. ma:="wwwviewview rellowradingView

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HBAR price may decline further

HBAR's price has declined 8.5% over the past week, currently trading at 0.187 USD. Although the token remains above the immediate support level at 0.182 USD, the risk of further price decline exists.

The MACDcdncincreases the risk of breaking of below 0.182 USD. Such a move could push the price down to 0.172 USD, triggering a 55 million long-term liquidation event. This scenario could cause many bullish traders to exit their positions.

HBAR Price Analysis.Analysis Source href="www wwwviewview www.tradingview.com/" noTradingViewHBAR holds above .182 USD USD and the broader market sentiment sentiment improves, a recovery isbound is possible.. The altclimb back to 0.200 USD. surpassing this level would invalidate the bearish thesis and signal new strength for HBAR.

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Trong bối cảnh thị trường tiền điện tử đang gặp khóó, Token đã chứng kiến một đợt giảm giá đđáng kể. Giá Token hiện đang giao dịch ở mức thấp, phản ánh sự suy yếuếu của thịuị trtoường.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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