HBAR drop 7% because $460M liquidations dey happen as BSC dey integrate
HBAR drop 6.7% within 24 hours, e con slide from $0.26 go $0.24 for record volume of 109 million tokens. The sell-off na happen cause liquidations wey reach over $460 million plus hot U.S. Producer Price Index data, wey make PPI rise to 3.3%. Technical charts dey show strong resistance near $0.252 and support around $0.240. Even though e get short term wahala, analysts still dey hold bullish targets of $0.40–$0.50 for long term. To help spread am, Binance don integrate HBAR into BNB Smart Chain, wey go improve cross-chain interoperability and extend smart contract access. Traders suppose ready for more wahala as macroeconomic headwinds and liquidity shocks still dey play, but long-term talk about Hedera token remain positive.
Bearish
Di sharp 6.7% drop for HBAR wey $460 million liquidations and higher US inflation data trigger, dey show say bearish pressure dey for near term. Historically, big liquidation cascades don make sell-offs worse, like wey happen for other altcoins during market-wide corrections. Technical resistance at $0.252 and support at $0.240 mean say upside limited for short-term. Even though long-term sentiment still positive—with analysts eyeing $0.40–$0.50 targets and Binance’s BNB Smart Chain integration dey boost network utility—the immediate outlook na bearish. Traders suppose expect more volatility and possible support tests before any steady recovery, as macroeconomic headwinds and liquidity shocks still dey weigh down market stability.