Hedera (HBAR) Price Continues to Bleed as Market Confidence Hits New Lows

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Well now, it seems our dear friend HBAR has taken quite the tumble, losing a staggering 7% in just 24 hours. At this very moment, it’s trading at a paltry $0.19, which is about as appealing as a wet sock. 🧦

As the sun sets on this market, the buying pressure has all but evaporated, leaving behind a trail of bearish gloom that would make even the most optimistic trader weep. 😢

Investors Flee HBAR as Signs of Doom Loom Large

According to the wise folks at BeInCrypto, the HBAR/USD chart looks like a sad tale of woe, with the Accumulation/Distribution (A/D) Line on a steady decline since March began. It’s like watching a slow-motion train wreck, folks! 🚂💥

This A/D Line is a fancy way of measuring the money flow, and right now, it’s telling us that more folks are selling than buying. It’s a classic case of “get me outta here!”

With HBAR, the persistent downtrend in the A/D Line is a clear sign that demand is weaker than a cup of cold coffee. ☕️

Now, let’s talk about HBAR’s Relative Strength Index (RSI), which has taken a nosedive, confirming that investors are pulling their funds faster than a rabbit in a hat trick. As of this moment, the RSI sits at a dismal 40.10. 🐇

This RSI reading is like a warning bell, signaling that the bears are having a field day. An RSI below 50 means selling pressure is winning the tug-of-war, and if it dips to 30, we might just be looking at a full-blown panic. 😱

HBAR’s Future Rests on a Fragile $0.16 Support

If the selling pressure continues to spike, HBAR might just find itself in a free fall, plummeting to a three-month low of $0.19. It’s like watching a soap opera, folks—full of drama and suspense! 🎭

If that support level crumbles, we could be looking at a price drop aiming for $0.12. But fear not! If new demand comes rushing in, HBAR might just surprise us all and climb back to $0.24. It’s a wild ride, folks! 🎢

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2025-03-11 15:12