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Hedera HBAR Faces Bearish Pressure as Second Death Cross Emerges
Hedera HBAR Faces Bearish Pressure as Second Death Cross Emerges
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
HBAR is under increasing bearish pressure with the formation of its second Death Cross in six weeks. The technical outlook worsens as the 200-day EMA crosses below the 50-day EMA, indicating potential prolonged downside.
Market liquidity risks amplify the technical warning. A drop below the $0.163 support level could trigger $11.5 million in liquidations, potentially accelerating the downward trend. May’s failed Golden Cross, lasting only two weeks, now appears to have been a bull trap rather than a true reversal.
TradingView charts show EMAs aligning for continued weakness. Without significant buying pressure, HBAR’s path of least resistance remains downward, with traders preparing for further declines.
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