The post HBAR Price Teases Breakout Despite A $300M Liquidation Wave! appeared first on Coinpedia Fintech News
With a pullback in the price of Bitcoin from the $38K mark, the crypto markets take a small hit, resulting in $307 Million in liquidations. As the leveraged bullish positions took a hit, the HBAR price remained calm and continued to head straight up and challenge the resistance trendline.
Despite the Bitcoin price tumbling to $36K with a 4.5% drop, certain altcoins remain positive and continue the uptrend. Being a notable performer amongst those, the HBAR price teases a breakout entry opportunity as the demand increases.
Source- TradingView
The increased demand for the HBAR price following the double bottom reversal from the $0.045 launchpad fuels the ongoing uptrend. Further, with the market-wide recovery due to the high anticipations of the Bitcoin Spot ETF, the altcoins are performing exceptionally well.
With a positive cycle within the daily chart’s triangle patt
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