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Hedera HBAR Shows Technical Weakness, Signaling Extended Consolidation Phase
Hedera HBAR Shows Technical Weakness, Signaling Extended Consolidation Phase
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera (HBAR) displays signs of prolonged consolidation as technical indicators remain weak, despite short-term accumulation signals. The market lacks decisive momentum, with a breakout dependent on surpassing key resistance levels supported by substantial volume and institutional participation.
Hourly charts reveal a cyclical pattern—an initial uptrend from May 21-23 marked by higher highs and lows, followed by a sharp reversal. Aggregate Open Interest initially supported the rally but dropped sharply post-reversal, reflecting declining speculative interest. Since May 24, HBAR has traded sideways between $0.181 and $0.191, a range-bound stagnation indicative of market indecision.
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