Hedera Crashes: Why Is HBAR Price Down?
Photo: CaptainAltcoin
Hedera price is under heavy pressure today, as it crashed around 6% and trading near $0.0826 as short-term technical weakness overwhelms a surprisingly positive set of network developments. The decline looks more technical than fundamental. Hedera has broken below both its 7-day simple moving average near $0.0853 and its 30-day average around $0.0943. The MACD histogram has also turned negative near -0.00186, while the 7-day RSI has fallen to roughly 36.2, putting HBAR close to oversold territory. Trading activity has picked up sharply during the move as well.
Source: CaptainAltcoin
