HBAR’s recovery attempt could trigger $42 million in liquidations at $0.276. Bitcoin’s price action is key to further upward movement.

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The drop came amid a wider market selloff triggered by bitcoin's decline to $112,800, which sparked $360 million in liquidations in 24 hours.

Despite technical resistance at $3.09 and short-term sell signals flashing, machine-learning forecasts continue to target upside toward $3.12 by month-end.