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Hedera HBAR Faces Critical Support Test as Bearish Momentum Intensifies
Hedera HBAR Faces Critical Support Test as Bearish Momentum Intensifies
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News - HBAR is experiencing increasing bearish pressure as technical indicators point toward potential downside movement. The Relative Strength Index (RSI) has fallen below the neutral 50.0 threshold, reaching its lowest level in nearly a month. This indicates strengthening selling momentum that could drive the altcoin below crucial support levels.
The Squeeze Momentum Indicator (SMI) reveals tightening volatility conditions, with black dots confirming bearish dominance. Market participants are anticipating a significant price movement once the squeeze releases, with current momentum favoring additional declines. Traders are closely monitoring for a potential breach of the month-long support level as cryptocurrency markets remain in a fragile state.
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