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Hedera (HBAR) Shows Bearish Reversal Signals as Price Breaks Key $0.208 Support Level
Hedera (HBAR) Shows Bearish Reversal Signals as Price Breaks Key $0.208 Support Level
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera’s native token HBAR is displaying bearish reversal patterns after failing to maintain support at $0.208. Technical indicators suggest growing short interest, with traders targeting potential downside levels around $0.185-$0.180.
The breakdown follows a confirmed exit from consolidation on lower timeframes, with the market structure now exhibiting characteristic lower highs and lows. Analysts highlight the $0.195 zone as a potential rejection area for any retracement attempts.
Leveraged intraday traders appear to be fueling the current downward momentum, taking advantage of the emerging downtrend. This movement occurs despite HBAR’s strong performance earlier this year as a leading enterprise blockchain solution.
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