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Hedera (HBAR) Under Bearish Pressure as Technical Indicators Point to Further Downtrend
Hedera (HBAR) Under Bearish Pressure as Technical Indicators Point to Further Downtrend
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera’s HBAR token has dropped 7% in value, with technical analysis indicating the downward trend may continue. The HBAR/USD chart shows a Relative Strength Index (RSI) solidly in bearish territory at 43.38, significantly below the neutral 50 mark. This momentum indicator typically identifies oversold conditions below 30 and overbought above 70—HBAR’s current level suggests increasing selling pressure.
Traders are pulling back as bears maintain control. The lack of bullish resistance hints at a potential extension of the selloff in the NEAR term. Historical trends indicate that such RSI patterns often lead to prolonged corrections without fundamental drivers to reverse the momentum.
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