Core Viewpoint - HBAR is experiencing selling pressure while showing signs of a potential bullish setup, with price action yet to confirm this shift, leading to cautious sentiment [1][2]. Group 1: Technical Analysis - HBAR's Money Flow Index (MFI) indicates early signs of strength, forming a bullish divergence with the price despite continued weakness [2]. - The divergence suggests that selling momentum is fading, with buyers beginning to step in, which often precedes trend reversals [3]. - HBAR is currently trading near $0.0826, above the support level of $0.0786, and has been in a descending channel for nearly four months, indicating prolonged consolidation [7]. Group 2: Breakout Potential - A breakout from the current pattern is increasingly likely as selling pressure dissipates, requiring HBAR to breach the upper trendline and flip $0.1042 into support [8]. - If HBAR breaks above its current range, it could trigger significant short liquidations, with approximately $6.2 million at risk if the price reaches $0.1013 [4][5]. - The projected upside target for HBAR, if the breakout occurs, is $0.129, representing a 32% increase from the breakout point [8]. Group 3: Market Conditions - Downside risk remains if broader market conditions do not improve, with a loss of the $0.0786 support potentially leading to a decline toward $0.0622, which would invalidate the bullish thesis [9].

⚡ LATEST: $171M in short were liquidated in the past hour. https://t.co/UjrJZeoE7Y ...

$515M in short liquidation leverage between here and an all-time high.It's a 0.16% move from here.Trench warfare on a Wednesday afternoon. https://t.co/3TDGvIJ0MD ...

Market Trend & Potential Risk - A drop below $4,072 could trigger $2.36 billion in $ETH long liquidations [1] - A move above $4,499 may liquidate $1.82 billion in shorts [1]

reminder: at 4k, this will be the largest ever $ETH short liquidation event in history https://t.co/4ypysCNDav ...

Market Analysis - Indicates a multi-year short liquidation event in the Bitcoin ($BTC) market [1] - Highlights a significant liquidation event for Bitcoin shorts [1]