Hedera HBAR Faces Continued Bearish Pressure as Technical Indicators Signal Further Decline
HBAR's price action has turned decisively bearish, breaking below the critical 20-day Exponential Moving Average at $0.2446. The altcoin currently trades at $0.2391, with technical indicators suggesting further downside potential.
The Moving Average Convergence Divergence (MACD) confirms growing bearish momentum, with the MACD line firmly below its signal line and expanding red histogram bars. This technical breakdown comes as the broader cryptocurrency market shows signs of weakening momentum, leaving HBAR particularly vulnerable to continued selling pressure.