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Hedera HBAR Traders Stay Bullish Despite Price Drop to Two-Month Low
Hedera HBAR Traders Stay Bullish Despite Price Drop to Two-Month Low
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's native token HBAR has dropped to a two-month low amid an extended downtrend, yet traders remain firmly optimistic. Despite market weakness across cryptocurrencies and global uncertainty, confidence in HBAR's potential rebound persists.
The bullish outlook is supported by consistently positive funding rates, with traders paying premiums to maintain long positions. This derivatives metric indicates expectations of a price recovery despite recent declines.
Technical indicators reinforce this sentiment. HBAR's Relative Strength Index briefly entered oversold territory before showing signs of upward momentum. A sustained rise above the neutral 50 level could confirm increasing buying pressure and validate trader optimism.
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