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Hedera (HBAR) Exhibits Bullish Reversal Signals Despite Mixed Technical Indicators
Hedera (HBAR) Exhibits Bullish Reversal Signals Despite Mixed Technical Indicators
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera’s HBAR is currently testing crucial resistance levels as bearish momentum shows signs of fading. The BBTrend indicator remains in negative territory at -1.56, indicating ongoing downward pressure since May 1. However, today’s modest recovery from yesterday’s low of -6.76 suggests diminishing selling pressure.
Technical indicators present conflicting signals. While the BBTrend maintains its bearish position, increasing RSI readings and converging EMA lines point to emerging bullish potential. Traders are closely monitoring for either a golden cross formation or resistance rejection to confirm the next price direction.
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