The post Will HBAR Price Drop Back to Its July Low? appeared on BitcoinEthereumNews.com. Hedera Hashgraph’s native token HBAR has stalled despite the recent market rebound, remaining largely sideways since September 22.  Market indicators now signal growing bearish pressure, suggesting the token could break below its support level.  Sponsored Sponsored Sideways No More? HBAR Risks Cracking $0.2089 Support  Readings from the HBAR/USD one-day chart show that the altcoin has trended sideways since September 22, facing resistance near $0.2305 and finding support at $0.2089. With the growing bearish tilt in broader market sentiment, technical indicators now point to a likelihood of a breach of that support floor in the near term. For example, HBAR’s Relative Strength Index (RSI) continues to fall, and is currently at 43.06 at press time.  For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. HBAR RSI. Source: TradingView An asset’s RSI indicator measures its overbought and oversold market conditions. Its values range between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound. At 43.06, HBAR’s RSI signals weakening momentum. It hovers below the neutral 50 level and suggests that selling pressure could continue to outweigh buying interest.  Sponsored Sponsored Furthermore, readings from HBAR’s Elder-Ray Index confirm this bearish bias. As of this writing, the indicator’s value is at -0.01051. HBAR Elder-Ray Index. Source: TradingView The Elder-Ray Index indicator measures the strength of bulls and bears in the market by comparing buying pressure (Bull Power) and selling pressure (Bear Power).  When the value is positive, the market is experiencing more buying pressure than selling, suggesting a potential uptrend. However, when the value turns negative, as it has for HBAR, it signals that bearish forces dominate the… The post Will HBAR Price Drop Back to Its July Low? appeared on BitcoinEthereumNews.com. Hedera Hashgraph’s native token HBAR has stalled despite the recent market rebound, remaining largely sideways since September 22.  Market indicators now signal growing bearish pressure, suggesting the token could break below its support level.  Sponsored Sponsored Sideways No More? HBAR Risks Cracking $0.2089 Support  Readings from the HBAR/USD one-day chart show that the altcoin has trended sideways since September 22, facing resistance near $0.2305 and finding support at $0.2089. With the growing bearish tilt in broader market sentiment, technical indicators now point to a likelihood of a breach of that support floor in the near term. For example, HBAR’s Relative Strength Index (RSI) continues to fall, and is currently at 43.06 at press time.  For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. HBAR RSI. Source: TradingView An asset’s RSI indicator measures its overbought and oversold market conditions. Its values range between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound. At 43.06, HBAR’s RSI signals weakening momentum. It hovers below the neutral 50 level and suggests that selling pressure could continue to outweigh buying interest.  Sponsored Sponsored Furthermore, readings from HBAR’s Elder-Ray Index confirm this bearish bias. As of this writing, the indicator’s value is at -0.01051. HBAR Elder-Ray Index. Source: TradingView The Elder-Ray Index indicator measures the strength of bulls and bears in the market by comparing buying pressure (Bull Power) and selling pressure (Bear Power).  When the value is positive, the market is experiencing more buying pressure than selling, suggesting a potential uptrend. However, when the value turns negative, as it has for HBAR, it signals that bearish forces dominate the…