HBAR Heads Toward a Crash Site — One Level Stands Between Price and the Fall
HBAR's price is nearing a bearish head-and-shoulders pattern completion, risking a 28% drop if the $0.160 neckline breaks.Summary
HBAR price action is nearing the completion of a bearish head-and-shoulders pattern on the daily chart, which signals a potential 28% decline if the neckline breaks. This bearish setup is amplified by two risks: weakening volume momentum, as the On-Balance Volume (OBV) indicator is testing its ascending trendline, and high leverage, with long liquidations outweighing shorts by nearly 25% on Bitget, suggesting a potential long squeeze.
The critical support level is the pattern's neckline around $0.160. A decisive break below this level would confirm the pattern, potentially leading HBAR toward support at $0.113 and possibly $0.100 if liquidations cascade. Conversely, for a bullish scenario to emerge, HBAR must reclaim $0.199 with strength, with a full invalidation of the bearish pattern occurring at $0.219. Ultimately, the immediate fate of HBAR hinges on whether the $0.160 level holds, especially as OBV momentum appears fragile.
(Source：BeInCrypto)