HBAR is looking to push lower into the .045 range of market structure. Price is currently under the 20, 50, and 200 MAs. Bitcoin is facing more downside pressure as bulls are being squeezed.
In the past 24 hours , 34,248 traders were liquidated , the total liquidations comes in at $102.36 million.
HBAR has had some positive news recently with securing partnerships with Carbon based initiatives. This brought in enough volume just to sell to.
Good news in crypto often results in price decline due to liquidity. Until the crypto markets become regulated, you will see these fluctuations more often.
In the past 24 hours , 34,248 traders were liquidated , the total liquidations comes in at $102.36 million.
HBAR has had some positive news recently with securing partnerships with Carbon based initiatives. This brought in enough volume just to sell to.
Good news in crypto often results in price decline due to liquidity. Until the crypto markets become regulated, you will see these fluctuations more often.
Comment:
Price has reached the first part of the target box. Bullish pressure kicked in at the edge of this zone. We could be setting up for a lower low as price just made a lower high.