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Hedera HBAR Faces 20% Weekly Drop But $0.29 Liquidation Zone Could Spark Rebound
Hedera HBAR Faces 20% Weekly Drop But $0.29 Liquidation Zone Could Spark Rebound
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
HBAR has declined 20% over the past week, currently testing its crucial 20-day exponential moving average at $0.22. This technical indicator frequently acts as a sentiment gauge—a sustained break below could target $0.18 support.
On-chain data highlights a significant liquidity cluster at $0.29, creating potential upside pressure. Despite the pullback, futures traders remain net long with positive funding rates of 0.0092%.
The token's performance reflects broader crypto market weakness as Bitcoin's correction weighs on altcoins. However, the combination of technical support and concentrated buy orders suggests this is likely a healthy correction rather than sustained downturn.
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