HBAR Price’s 25% Crash May Extend As Traders Fail To Pick A Direction
Hedera's HBAR price has crashed 25%, and continued downside risk is suggested by trader uncertainty and bearish technical indicators.Summary
Hedera's HBAR price is under significant pressure, having dropped 25% in the last week to trade around $0.144, with ongoing bearish conditions suggesting further decline.
The futures market shows uncertainty, evidenced by fluctuating funding rates, indicating a lack of conviction among traders to take decisive long or short positions. Technically, the Relative Strength Index (RSI) is dropping below the 50.0 neutral mark and heading toward oversold territory, signaling strong downward momentum without yet reaching a rebound point.
If HBAR fails to hold the $0.145 support, it could slip below $0.139, potentially reaching $0.133 or $0.120. A recovery would require holding $0.145 and breaking above resistance levels like $0.154 to target $0.175.
(Source：BeInCrypto)