HBAR Traders Face a Risk of $6 Million Liquidations Due to Overbought Conditions

Hedera (HBAR) price has recently surged but stalled near a critical resistance zone, putting bullish traders at risk. Derivatives data indicates high optimism, but liquidation heatmap analysis shows that approximately $6.23 million in long positions could be liquidated if the price drops between $0.122 and $0.124, which would accelerate selling pressure.

Technical indicators reinforce caution, as the Money Flow Index (MFI) is deep in overbought territory (above 80.0), suggesting the recent rally might be exhausted. HBAR is currently trading below the $0.130 resistance and remains within a six-week downtrend line.

A downside move could push HBAR below $0.125 toward $0.120, triggering liquidations. A bullish scenario requires HBAR to break above $0.130, which would invalidate the bearish outlook and potentially target $0.141.

(Source：BeInCrypto)