Traders can lose $ 38 million if the HBAR price reaches this level star-news.press/wp

HBAR witnessed great fluctuations over the past month, as it struggled to recover the last losses and break the downward trend for a month and a half.

Despite these challenges, Altcoin remains in a decisive position as merchants are still optimistic about its potential outbreak. However, failure to break the main resistance levels can lead to more prices.

Hbar merchants rising

Throughout this month, traders showed strong bullish feelings towards HBAR. The financing rate has been constantly positive, indicating the dominance of long contracts in the market.

This indicates that merchants are confident of the potential price recovery and put themselves to benefit from the high value. Fixed optimism reflects the belief that HBAR can recover from the current declining direction.

Also, the positive financing rate shows that more investors are ready to put bets on the future of Altcoin despite the ongoing challenges.

HBAR’s total momentum reveals that short traders may face significant losses if the price increases. The liquidation map indicates that approximately $ 38 million of short contracts can be filtered if HB broke the current declining direction and rose to $ 0.163.

This will have a significant impact on the market, which may lead to an increase in momentum in the purchase.

Short traders are betting on a constant decrease in prices, but the collapse is higher than the main resistance levels can force them to get out of their positions. This would create an additional purchase pressure, which supports the possibility of a larger upward move.

HBAR price awaits a batch

At the time of this report, HBAR is traded at $ 0.148, below the critical resistance level of $ 0.154. Altcoin looks forward to violating this resistance and breaking the downward trend line.

The successful batch behind this level will be a milestone in HBAR recovery.

Factors that support the potential collapse indicate that HBAR may rise to $ 0.163 if you can turn $ 0.154 to support. Access to this level can liquidate short situations, which increases the price.

This can help HBAR acquire momentum and recover from the last downward trend.

However, if the broader market turns to landing, the HBAR price may decrease to $ 0.139. Loss of this support will be a downward signal, and the price may lead to $ 0.133.

Such a decline would nullify the upholial thesis and turn the market expectations back towards the bears.