Hedera Price Drops Below Support, Signaling Bearish Trend

Hedera (HBAR) experienced a decline in price on Wednesday, falling below the mid-range Bollinger Band support level and indicating a potential bearish trend. The token closed at $0.18302 after a 1.64% drop, following a downward trend observed throughout late May. This latest dip puts HBAR under increasing pressure, as the Relative Strength Index (RSI) dropped to 43.38, significantly below the neutral 50 mark. The current ratio suggests more selling than buying activity, potentially hindering a quick rebound.