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Hedera HBAR Retreats From Summer Peak—$0.20 Support Test Likely
Hedera HBAR Retreats From Summer Peak—$0.20 Support Test Likely
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
HBAR's rally has lost momentum after hitting $0.3050 on July 27, now trading at $0.2427—an 11% drop. On-chain data shows declining futures interest and weak spot market accumulation, suggesting further downside potential.
Open interest in HBAR futures dropped 11% this week to $349.35 million, indicating derivatives traders are pulling back. The persistent negative Elder-Ray Index confirms bearish pressure with no immediate recovery expected.
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