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Hedera HBAR Tests Critical $0.21 Support as Bollinger Bands Signal Volatility Breakout
Hedera HBAR Tests Critical $0.21 Support as Bollinger Bands Signal Volatility Breakout
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News - Hedera's HBAR token is hovering near crucial support at $0.21 as Bollinger Band contraction indicates impending volatility expansion. The cryptocurrency currently trades at the lower band, reflecting sustained selling pressure but also suggesting potential oversold conditions. Technical analysts highlight the 20-day Simple Moving Average at $0.23 as immediate resistance. A decisive breakout above this level could signal a momentum shift toward bullish territory, while failure to hold support may deepen the bearish trend. Market data shows modest 24-hour gains of 3.08% accompanied by $224 million in trading volume, indicating cautious investor positioning ahead of the anticipated volatility spike.
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