Price Levels and Liquidation Risk
HBAR is currently trading near a critical juncture at approximately $0.212, testing the lower boundary of its recent trading band. The immediate and most significant support level to watch is $0.202. A break below this could lead to a test of the crucial $0.200 mark.
This $0.200 level is not just a psychological barrier; it represents a major liquidation trigger. Data from Liquidation Maps indicates that a drop to this price could force the closure of approximately $30 million in long leveraged positions. Such a cascade of forced selling would likely add significant downward pressure to the market, thinning order book liquidity and increasing volatility for all market participants, including treasury desks holding the asset.
Conversely, a recovery that pushes the price back above $0.219 would signal a potential invalidation of this bearish scenario. Reclaiming $0.230 as support would be an even stronger bullish signal, helping to stabilize the price and potentially drawing new bids into the market.
Technical Signals and Scenario Triggers
The current technical picture underscores the prevailing near-term caution. The Relative Strength Index (RSI) is hovering below 50, indicating that sellers currently have the upper hand over buyers. This aligns with the overall bearish sentiment reflected in moving averages, which largely suggest “Sell” signals.
The price action has been forming a pattern of lower highs and lower lows, a characteristic of a short-term downtrend that points towards another test of the lower support levels unless buying pressure emerges. For traders and risk managers, the key triggers are clear. A daily close above $0.219 would be the first sign of strength, potentially easing the liquidation threat. On the other hand, a confirmed break below $0.200 would likely activate the predicted volatile selling event .
Therefore, active monitoring of these levels is essential. Traders may consider placing stops relative to the $0.202 and $0.200 levels, while treasury desks and funds might review their leverage and exposure to prepare for potential volatility spikes if the key support fails to hold.
