📉 HBAR DEAD CAT BOUNCE? BEARS STILL IN CONTROL 🐻
$HBAR slid to a 30-day low of $0.16 as crypto trading activity dipped, and despite a 3% rebound, indicators suggest it’s likely a dead cat bounce. Market data from coytx.com highlights that HBAR remains under its 20-day EMA, signaling short-term bearish momentum. The Elder-Ray Index also shows sellers dominating, with persistently negative values since late May. If bulls can’t defend the $0.153 support, HBAR could drop further to $0.124. A break above $0.184 would be needed to shift momentum bullish again.
