HBAR price finds new opportunities amid market crash
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According to CoinWorld, Hedera's HBAR token has recently dropped by 15%, in sync with bitcoin's decline, with a high correlation of 0.98. Currently, HBAR is trading near $0.091. Despite the price drop, on-chain data shows that the Chaikin Money Flow indicator suggests holders are accumulating, while the RSI indicator below 30 indicates the market is in an oversold state, showing signs of a bullish divergence. HBAR is currently in a descending wedge pattern, and if a breakout is confirmed, it could rise by 43% to $0.146, with initial resistance at $0.103.
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