📉 HBAR currency drops 15% in a week... Has the drop ended?
Hedera Hashgraph (HBAR) has recorded a strong drop of -15% over the past week, amid a broader decline in the crypto market.
But! Technical indicators suggest that the worst may not be over yet...
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🧭 HBAR breaks the 20-day moving average (EMA)
🔻 Current price: $0.2391
🔺 Moving average (20 EMA): $0.2446 – has now become dynamic resistance instead of support.
📉 A price break below this average means a loss of upward momentum, with sellers controlling the direction.
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📊 The MACD indicator supports the negative outlook
The MACD line (blue) is below the signal line (orange).
Red bars are expanding = increasing selling momentum.
✅ This is a clear technical signal that sellers are in control of the market in the short term.
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🔮 Where could the price head?
📉 If the decline continues:
We may see the price break the support of $0.2283 and head for further losses.
📈 If the overall market sentiment improves:
A bullish break of the EMA could push the price towards $0.2609 again.
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📌 Conclusion:
HBAR is under clear technical pressure, but any positive shift in market sentiment could change the landscape quickly.
For now, caution is required, and close monitoring is essential.