Hedera Hashgraph's HBAR token price has dropped 15% from its recent high due to market caution ahead of the Federal Reserve's interest rate decision. Despite this, activity on the Hedera network is rising, with its stablecoin market cap reaching a record $130 million.
The HBAR price prediction suggests a potential further decline to $0.1250, targeting a double-bottom pattern. However, a signal of future rate cuts could boost the crypto market.
Key points:
- HBAR price dropped for four consecutive days
- Stablecoin market cap on Hedera reached $130 million
- Technical indicators suggest potential further decline
- Federal Reserve's decision may impact crypto market
Will HBAR bounce back or continue its decline?#FOMCMeeting #HBARUSD $HBAR
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