Hedera (HBAR) Flirts With a Death Cross as Funding Turns Choppy

Hedera (HBAR) price is showing signs of a concerning trend reversal, as technical indicators flash bearish signals. The 50-day and 200-day Exponential Moving Averages (EMAs) are close to forming a Death Cross, which would signal accelerating bearish momentum and potentially end the previous three-month Golden Cross support. Furthermore, the funding rate in the HBAR derivatives market has been highly volatile, indicating indecision among futures traders and a lack of conviction. Trading at $0.159, HBAR is currently within a descending broadening wedge pattern, but bearish pressure could cause it to fall below $0.154 toward $0.145. A successful bullish reversal would require HBAR to break above $0.180 and $0.188 to invalidate the bearish outlook.

(Source：BeInCrypto)