Hedera’s HBAR token saw a 5% increase this past week due to rising investor interest. Although this surge is notable, technical indicators suggest the momentum may be weakening, which is raising concerns about potential sell-offs in the near future.
With increasing sell-side pressure, HBAR may retrace to support levels at 0.141 USD or 0.124 USD. Conversely, should investor demand resurge, it could drive HBAR past the resistance level of 0.162 USD, leading to a potential rally.
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