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Hedera HBAR Plunges 9% as Technical Indicators Flash Oversold Signals
Hedera HBAR Plunges 9% as Technical Indicators Flash Oversold Signals
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's HBAR token dropped sharply to $0.22, marking a 9.43% decline within 24 hours. The move appears technically driven, with the Relative Strength Index falling to 38.31—approaching oversold territory that often precedes price reversals. No fundamental catalysts were identified, suggesting algorithmic traders and broader altcoin weakness fueled the selloff.
Market technicians note HBAR is now testing the lower Bollinger Band boundary, a level that historically provides support. The absence of ecosystem-specific news leaves price action vulnerable to macro crypto sentiment and automated trading strategies. Mid-cap altcoins across the board showed similar bearish patterns during this period.
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