Hedera’s 5% Rally on Shaky Ground as Sell-Side Pressure Soars

Hedera’s native token HBAR has climbed 5% over the past week, driven by increased investor demand and a broader uptick in altcoin activity. However, despite the short-term rally, technical indicators now suggest the momentum is losing steam, signaling a potential pullback in the days ahead. HBAR’s Short-Term Rally Threatened by Weakening Bullish Pressure An assessment of the HBAR/USD one-day chart shows the altcoin currently testing a break below its 20-day Exponential Moving Average (EMA). HBAR currently exchanges hands at $0.155, trading above this key moving average, forming dynamic support at $0.153. HBAR 20-Day EMA. Source: TradingView The 20-day EMA measures...