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Hedera HBAR Faces Resistance as Technical Indicators Point to Potential Pullback
Hedera HBAR Faces Resistance as Technical Indicators Point to Potential Pullback
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
HBAR's 5% gain shows vulnerability amid increasing sell-side pressure. The altcoin currently hovers at $0.155, testing its 20-day Exponential Moving Average support at $0.153—a drop below this level may initiate a corrective phase.
Technical analysis indicates weakening momentum. The diminishing green bars on HBAR's Elder-Ray Index suggest declining bullish conviction, with the 20-day EMA breakdown confirming prevailing selling pressure. Traders are watching for either renewed buying activity or confirmation of a downtrend.
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