Hbar technical charts spook traders – Is bullishness fading for Hedera?

As HBAR falls, the Relative Strength Index has hit a two-month low. Traders are increasingly betting on price declines, with shorts rising, signaling bearish sentiment. Current resistance at 0.172 USD is critical; breaking this level could lead to a rally towards 0.182 USD.

With HBAR priced at 0.168 USD, the outlook remains uncertain. Failure to hold above key support levels could further weaken the price, potentially leading to a drop to 0.154 USD. Investors are advised to monitor market sentiments and technical indicators closely.