HBAR may face a $ 35 million liquidation due to Bitcoin star-news.press/wp

The low HEDERA price appears to have reached a saturation point, and Altcoin shows signs of potential recovery.

At $ 0.216, HBAR tries to settle after modern clouds. This recovery can lead to a large liquidation in the market, creating opportunities and risks for merchants.

Sponsored

Sponsored

Hedera merchants should be worried

The liquidation map shows that more than $ 35 million can be filtered in short locations if HBAR rises to $ 0.230. Such a development would create short pressure on a large scale, which may lead to more bullish momentum throughout the market. This would provide an opportunity for HBAR to expand its recovery.

For traders, this means that a move that exceeds $ 0.230 can lead to increased fluctuations. Although the references will add fuel to the bullish momentum, they also represent a critical price area.

A successful batch during this level may increase capital flows, as Saudi investors try to get the upward trend.

Sponsored

Sponsored

Do you want more symbolic ideas like this? Subscribe to the Daily Crypto Daily Crypto Newsletter Harsh Notariya here.

On a broader scale, the Hedra path is closely related to Bitcoin. Altcoin is 0.80 with BTC, indicating a strong price relationship.

As long as Bitcoin maintains support that exceeds $ 110,000, the HBAR price is likely to benefit from positive heterogeneous effects.

This link gives HBAR some pillows against negative risks. With the stability of Bitcoin in the scope of six numbers, HEDERA can take advantage of this momentum to test higher resistance areas. BTC will play a decisive role in determining whether HBAR maintains a recovery or remains the range.

Sponsored

Sponsored

Hbar price faces resistance

HBAR is trading at $ 0.216, and sits a little less than the resistance level of $ 0.218. This barrier has proven difficult to violate in recent days, but HBAR’s collapse may allow building momentum towards higher targets.

The following main resistance is located at $ 0.230. If HBAR is able to reach this level, short positions of more than $ 35 million may occur. This short pressure scenario This has the ability to push the top of Altcoin, and pay it about $ 0.244.

However, if the bullish stalls, HBAR may integrate within a scope of $ 0.218 to $ 0.205. This side movement will nullify the immediate ups and delay the potential penetration, leaving HBAR vulnerable to more stagnation.