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Hedera HBAR Retreats to $0.27 Amid Profit-Taking Despite Bullish Indicators
Hedera HBAR Retreats to $0.27 Amid Profit-Taking Despite Bullish Indicators
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's HBAR pulled back 3.9% to $0.27 as traders took profits, though technical indicators remain strongly bullish. The token's RSI sits at 76.55 following last week's 50% surge driven by institutional adoption.
Financial giants Lloyds Bank and Aberdeen's adoption of Hedera's blockchain for tokenized assets fueled the rally. The network further demonstrated real-world utility through Cask Capital's tokenized fine wine project with Christopher Creek Winery.
Market dynamics now show consolidation after the explosive move, with traders balancing overbought conditions against fundamental strength. The pullback reflects typical market mechanics rather than waning institutional interest.
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