Hedera HBAR Shows Technical Weakness, Signaling Extended Consolidation Phase

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-29 16:32:12

[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN] Hedera HBAR News -

Hedera (HBAR) displays signs of prolonged consolidation as technical indicators remain weak, despite short-term accumulation signals. The market lacks decisive momentum, with a breakout dependent on surpassing key resistance levels supported by substantial volume and institutional participation.

Hourly charts reveal a cyclical pattern—an initial uptrend from May 21-23 marked by higher highs and lows, followed by a sharp reversal. Aggregate Open Interest initially supported the rally but dropped sharply post-reversal, reflecting declining speculative interest. Since May 24, HBAR has traded sideways between $0.181 and $0.191, a range-bound stagnation indicative of market indecision.

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