HBAR’s Dance with the Devil 💀

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HBAR has decided to take a little dip, wouldn’t you say? 🏊‍♂️ Like a swan gracefully gliding into the murky depths, the altcoin has reached a critical support level. But amidst this “graceful descent,” the market is looking a bit…wobbly. 😩

Now, short traders, those brave souls wagering against HBAR, are teetering on the edge of a financial abyss. 😱 Approximately $30 million worth of their precious shorts are poised for liquidation if HBAR decides to climb back up to $0.18. Talk about a rude awakening!


But wait! There’s a twist! This price dance near $0.157 might offer these short traders a temporary reprieve. A last-minute waltz before the inevitable tango with liquidation. 💃🕺

The overall vibe, however, is decidedly bearish. HBAR is flirting dangerously with a “Death Cross,” where the 200-day EMA is about to swoop in and cross the 50-day EMA. 💀 A grim omen indeed, signaling a potential continuation of the downward spiral.


Currently, HBAR is clinging to the $0.157 support level, a precarious perch indeed. Should it lose its grip, a deeper decline might ensue, taking the price towards the next support level at $0.143. 📉


But hey, maybe HBAR will surprise us all! 💫 Perhaps it will bounce back from this support level, sending the price soaring towards $0.177. In that case, those short traders better be prepared for a wild ride! 🎢

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2025-04-06 13:01