Hedera (HBAR) Faces Bearish Pressure Amid $10M Outflows and Death Cross Formation
Hedera ( HBAR ) is experiencing increased bearish momentum , trading at approximately $0.1589 , reflecting a 5.5% decline over the past 24 hours. ​
📊 Market Overview
Current Price : ~$0.1589
24-Hour Range : $0.1572 – $0.1675
Market Cap : ~$6.63 billion
24-Hour Trading Volume : ~$175 million
Year-to-Date High : $0.4010 (January 16, 2025)
📉 Technical Analysis
HBAR has recently formed a "death cross" on its daily chart, where the 50-day moving average crosses below the 200-day moving average, signaling potential for further declines. ​
The Relative Strength Index (RSI) stands at 41.95, indicating weak demand and sustained selling pressure.
Read More: https://onthenode.com/analysis/hedera-hbar-faces-bearish-pressure-amid-10m-outflows-and-death-cross-formation#google_vignette
Hedera ( HBAR ) is experiencing increased bearish momentum , trading at approximately $0.1589 , reflecting a 5.5% decline over the past 24 hours. ​
📊 Market Overview
Current Price : ~$0.1589
24-Hour Range : $0.1572 – $0.1675
Market Cap : ~$6.63 billion
24-Hour Trading Volume : ~$175 million
Year-to-Date High : $0.4010 (January 16, 2025)
📉 Technical Analysis
HBAR has recently formed a "death cross" on its daily chart, where the 50-day moving average crosses below the 200-day moving average, signaling potential for further declines. ​
The Relative Strength Index (RSI) stands at 41.95, indicating weak demand and sustained selling pressure.
Read More: https://onthenode.com/analysis/hedera-hbar-faces-bearish-pressure-amid-10m-outflows-and-death-cross-formation#google_vignette
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