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Hedera HBAR’s Rally Tests Overbought Territory Amid Technical Signals
Hedera HBAR’s Rally Tests Overbought Territory Amid Technical Signals
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
HBAR's price has surged past $0.20, marking a strong recovery, but the rally may be facing headwinds. The cryptocurrency's 30% weekly gain is now testing momentum limits as overbought conditions emerge.
Technical indicators show mixed signals. The 50-day EMA displays early signs of an uptrend, potentially ending HBAR's prolonged Death Cross. A Golden Cross could FORM if the upward trend continues—a typically bullish development.
However, the Relative Strength Index (RSI) warns of caution. With the RSI exceeding 70.0, HBAR enters overbought territory. Historically, such conditions often precede sharp pullbacks, risking recent gains.
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