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Hedera HBAR Shows Bullish Breakout but Faces Potential Pullback as RSI Signals Overbought Conditions
Hedera HBAR Shows Bullish Breakout but Faces Potential Pullback as RSI Signals Overbought Conditions
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's HBAR token experienced a 30% surge after breaking out from a double-bottom pattern, reaching a peak of $0.299 before showing signs of exhaustion. The rally is now testing key support at $0.253, with bearish RSI divergence indicating weakening momentum.
Technical targets remain at $0.333 if the uptrend continues, but the overbought RSI reading of 73 suggests possible consolidation or retracement before further gains. The market structure maintains a bullish bias above the $0.229 neckline, which now serves as critical support.
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