Hedera’s price decline appears to have reached a saturation point, and the altcoin is showing signs of potential recovery. 

At $0.216, HBAR is attempting to stabilize after recent drawdowns. This recovery could trigger significant market liquidations, creating both opportunity and risk for traders.

The liquidation map shows that more than $35 million in short positions could be liquidated if HBAR climbs to $0.230. Such a development would create a large-scale short squeeze, potentially driving further bullish momentum across the market. This would provide an opportunity for HBAR to extend its rebound.

For traders, this means that a move past $0.230 could bring heightened volatility. While liquidations would add fuel to upward momentum, they also represent a critical price zone.

A successful push through this level could increase capital inflows as bullish investors attempt to capture the upside.

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On a broader scale, Hedera’s trajectory is closely tied to Bitcoin. The altcoin shares a 0.80 correlation with BTC, indicating a strong price relationship.

As long as Bitcoin maintains support above $110,000, HBAR’s price is likely to benefit from positive spillover effects.

This correlation gives HBAR some cushion against downside risk. With Bitcoin stabilizing in the six-figure range, Hedera could leverage this momentum to test higher resistance zones. The BTC trend will play a crucial role in determining whether HBAR sustains recovery or remains rangebound.

HBAR is trading at $0.216, sitting just below the $0.218 resistance level. This barrier has proven difficult to breach in recent days, but a breakout could allow HBAR to build momentum toward higher targets.

The next key resistance lies at $0.230. If HBAR manages to reach this level, the liquidation of short positions worth over $35 million could occur. This short squeeze scenario has the potential to drive the altcoin higher, pushing it toward $0.244.

However, if bullish momentum stalls, HBAR may consolidate within the $0.218 to $0.205 range. This sideways movement would invalidate the immediate bullish outlook and delay the potential breakout, leaving HBAR vulnerable to further stagnation.

The post HBAR Traders May Face $35 Million Liquidations Thanks To Bitcoin appeared first on BeInCrypto.

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