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Hedera (HBAR) Tests Key Support Levels as Bearish Indicators Persist
Hedera (HBAR) Tests Key Support Levels as Bearish Indicators Persist
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera’s HBAR token has dropped 10% over the past week, with technical indicators signaling continued bearish pressure. The RSI and BBTrend remain in negative territory, and a potential EMA death cross is forming as the price approaches critical support levels.
BBTrend readings have stabilized between -8 and -8.5 following a sharp reversal from positive territory earlier this month. This Bollinger Band-derived metric indicates weakening bullish momentum and increasing downside potential. Traders are watching to see if current support levels will hold or if further declines are imminent.
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