Hedera ($HBAR) is currently testing the $0.16 support level, with its Relative Strength Index (RSI) at 33.98, indicating a potential oversold bounce. This situation arises as the token nears a critical technical inflection point while the broader crypto market experiences significant selling pressure. The lower Bollinger Band support is a key indicator for traders, suggesting that HBAR may be poised for a rebound if it holds above this level. Market conditions remain challenging, with many cryptocurrencies facing declines, contributing to the overall bearish sentiment. Investors are closely monitoring HBAR’s performance to determine if it can maintain its support and potentially recover in the coming sessions.
