- HBAR is nearing a critical resistance at $0.154, with a potential breakout threatening $38 million in short liquidations and signaling a strong bullish reversal.
- However, failure to hold key support at $0.139 could invalidate the bullish outlook and trigger a decline toward $0.133.
Hedera (HBAR) is at a critical juncture, with its price hovering just below a major resistance level. After weeks of struggling to reverse a persistent downtrend, HBAR is now trading around $0.148, and all eyes are on the $0.154 resistance mark.
A breakout above this level could have major consequences, particularly for short sellers, with up to $38 million in short positions at risk of liquidation.
Bullish Sentiment Builds Among Traders
Despite the recent price pressure, market sentiment remains largely bullish. Positive funding rates indicate that long traders continue to dominate the market, suggesting confidence in a potential recovery.
Investors are still betting on a rebound, as many see the current levels as a buying opportunity.
The optimism is further supported by HBAR’s consistent funding data, which reflects that traders are willing to pay a premium to maintain long positions. This ongoing positive sentiment hints that a price breakout may not be far off, if resistance levels can be breached.
$38 Million at Stake for Short Sellers
A key technical development is the liquidation map, which shows that if HBAR pushes past $0.154 and climbs to $0.163, short traders could face $38 million in forced liquidations.
Such a move would likely accelerate upward momentum, as liquidations tend to create additional buy orders, pushing prices even higher in a short squeeze scenario.
Short sellers, who have been betting on continued price declines, would be forced to close positions at a loss, further intensifying the bullish momentum.
Breakout or Breakdown?
Currently, HBAR is consolidating just beneath the $0.154 resistance. A breakout above this level and a successful flip to support could mark a turning point for the altcoin, potentially triggering a recovery to $0.163 and beyond.
However, there’s still risk on the downside. If HBAR fails to break out and falls below $0.139, it would signal weakness and invalidate the current bullish thesis. In that scenario, a further decline to $0.133 is likely, pulling the market outlook back into bearish territory.
HBAR’s price action is approaching a decisive moment. Traders remain optimistic, and a breakout could unleash a wave of short liquidations worth $38 million, fueling a rally toward $0.163. But failure to overcome resistance could lead to renewed losses. As the altcoin teeters between recovery and further decline, the coming days may determine whether bulls or bears take control of Hedera’s next big move.