The native token of the Hedera network is $HBAR .

by 5% over the past week, driven by increased demand from investors and a broader rise in altcoin activity.

However, despite the short-term rise, technical indicators now suggest that momentum is losing strength, indicating a potential pullback in the coming days.

The short-term rise of HBAR is threatened by weak bullish pressure.

The daily chart assessment for #HBARUSDT shows that the altcoin is currently testing a break below the 20-day exponential moving average (EMA). HBAR is currently trading at $0.155, trading above this key moving average, forming dynamic support at $0.153.

The 20-day exponential moving average of HBAR.

The 20-day exponential moving average measures the average price of the asset over the last 20 trading days, giving weight to recent price changes. When the asset price is about to break below the 20-day exponential moving average, it indicates a weakness in short-term momentum.

A decline $HBAR ultimately below this key moving average confirms that selling pressure has outweighed buying activity. If strong buying interest does not appear, the asset may enter a corrective phase or even begin a new bearish trend.

Furthermore, the Elder-Ray indicator readings for this altcoin support this bearish outlook. Over the last three trading sessions, the size of the green bars forming the indicator has shrunk. This shrinkage reflects a fading bullish conviction, increasing the risk of a near-term reversal.

Elder-Ray Indicator for HBAR.

The indicator measures the strength of bulls and bears in the market. When it prints green histogram bars, it indicates strong buyer dominance and increased bullish momentum.

However, when these bars shrink like this, they indicate a decrease in the accumulation of the token, which is the case with HBAR.

HBAR's fragile gains are under threat.

These trends suggest that $HBAR may struggle to maintain its gains unless new buying momentum returns. In the meantime, it may experience a pullback. If selling increases, HBAR's price may drop to $0.141.

If bearish pressure strengthens at this support level, the token price may drop to $0.124.

HBAR Price Analysis.

On the contrary, a resurgence in new demand for HBAR may invalidate this bearish outlook. If new buyers enter the market, they may push the altcoin's value above $0.162. #OneBigBeautifulBill #TrumpVsMusk #REX-OSPREYSolanaETF #TheBitcoinAct