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Hedera HBAR Pulls Back 5.89% After Key Breakout - Technicals Suggest Consolidation Phase
Hedera HBAR Pulls Back 5.89% After Key Breakout - Technicals Suggest Consolidation Phase
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera (HBAR) has pulled back to $0.25, marking a 5.89% decline after recently breaking above the $0.2635 resistance level. This retracement appears driven by profit-taking rather than fundamental weakness, with the Relative Strength Index (RSI) at 50.59 indicating neutral territory and potential consolidation.
Institutional interest and whale accumulation continue to support HBAR's longer-term outlook. The initial August 8 surge of 7.72% was accompanied by heavy volume—2.4 million tokens traded in a single 15-minute candle during the breakout. Traders now await the next directional signal as HBAR establishes a new support base.
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