Hedera (HBAR) has formed a death cross for the first time in 11 months, indicating a shift away from a bullish trend. The 200-day EMA has dipped below the 50-day EMA, typically signifying further price declines and a challenging market for investor confidence.
Recent data shows HBAR trading at 0.16 USD, facing resistance at 0.17 USD. Continued weak inflows reflect a lack of investor excitement, and without reclaiming key support levels, HBAR could drop to 0.15 USD, further complicating the recovery efforts.
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