HBAR has experienced a 7% decline in the past week, performing worse than the overall crypto market. Technical analysis indicates a potential continuation of the selloff in the short term. The Relative Strength Index (RSI) for HBAR/USD remains below 50 and is decreasing, currently at 43.38. RSI is a momentum indicator that determines overbought or oversold conditions, with values below 30 indicating oversold levels. HBAR's RSI suggests increasing bearish momentum. The Balance of Power (BoP) indicator is also negative at -0.27, indicating seller dominance and potential downward pressure on HBAR's price. The token is trading below a descending trend line, signaling a sustained downtrend. A break above this trend line could push HBAR's price to $0.19. This analysis serves for informational purposes only, and readers are advised to conduct their own research before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news