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Hedera HBAR Faces Bearish Pressure as Technical Indicators Signal Downside Risk
Hedera HBAR Faces Bearish Pressure as Technical Indicators Signal Downside Risk
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's HBAR is under increasing bearish pressure as technical indicators and trader sentiment turn negative. The altcoin's funding rate flipped from positive to negative twice in ten days—a first for the month—indicating a rise in short positions. Market participants are now bracing for further declines.
HBAR's Relative Strength Index (RSI) dropped to a two-month low this week, confirming weakening momentum. Currently priced at $0.168, the token is struggling to break past the $0.172 resistance level. With no clear directional movement, the combination of deteriorating technicals and bearish positioning suggests heightened downside potential.
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