Hedera HBAR Slides 8.46% Amid ETF Rumors - $0.23 Support in Focus
Hedera (HBAR) dropped 8.46% to $0.25, testing crucial support at $0.23 as bearish pressure outweighed unconfirmed BlackRock spot ETF speculation. The token's neutral RSI at 51.14 reflects market indecision between institutional interest and profit-taking.
Despite whale-driven momentum pushing HBAR to $0.2635 earlier this week, the rally lacked sustainability. The movement underscores crypto markets' tendency to dismiss speculation without tangible developments. BlackRock's potential involvement remains a bullish wildcard against current technical weakness.