Is HBAR about to hit bottom? Warning signs for investors

Recently, HBAR has lost its growth momentum, with price movements showing no clear signs of improvement in the past few days. The decline of this altcoin has eroded previous gains, signaling a loss of bullish momentum. This indicates that the possibility of losses is present for traders holding long positions.

HBAR is under strong pressure

The MACD indicator has recorded its first bearish crossover after nearly seven weeks. The signal line crossed above the MACD line, combined with the red bar appearing on the chart, has confirmed a change in market momentum. This shift from a bullish trend to a bearish one is raising concerns about the short-term outlook for HBAR.

This bearish crossover often signals increased selling pressure. For HBAR, this could mean a longer downtrend, shaking investor confidence.

HBAR MACD | Source: TradingViewThe MACD indicator shows that even a slight adjustment down to the next support level could have serious consequences. According to the liquidation map, if the price drops to 0.172 USD, more than 55 million USD in liquidations could occur, creating a strong sell-off, hindering the buyers and potentially driving the next bearish trend.

The liquidation risk is becoming increasingly apparent, adding pressure to the price of HBAR. Investors may become more cautious, especially as the price may test this important support level.

HBAR liquidation map | Source: Coinglass## Price may continue to fall

In the past week, the price of HBAR has fallen by 5.2%, currently trading around 0.185 USD. Although it remains above the immediate support level of 0.182 USD, the possibility of further decline still exists.

The bearish crossover of the MACD increases the risk of breaking the support level of 0.182 USD, which could push the price down to 0.172 USD and trigger a liquidation worth 55 million USD. This scenario may cause many traders to exit their long positions.

However, if HBAR holds above the support level of 0.182 USD and the market shows signs of improvement, the recovery potential of this altcoin may still occur. In this case, HBAR could return to the level of 0.2 USD. If it surpasses this threshold, the bearish argument will be invalidated, paving the way for a new bullish phase.

HBAR 1-day price chart | Source: TradingViewEmma