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Hedera HBAR Tests Critical Support Level Amid Market Downturn
Hedera HBAR Tests Critical Support Level Amid Market Downturn
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's HBAR is facing sustained bearish pressure, mirroring the broader cryptocurrency downturn. The token plunged 9.98% in 24 hours and 9.55% weekly, now trading at $0.2183 with a $269.3 million daily volume surge. Market capitalization hovers near $9.25 billion as investor sentiment wavers.
Technical indicators present a conflicted picture. HBAR oscillates between $0.23 support and $0.26 resistance, with the 20-day moving average dipping below the 50-day moving average. However, the RSI at 51 suggests lingering momentum, leaving room for potential volatility. Five tests of the $0.23 floor underscore its critical importance for bullish investors.
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