HBAR Edges Lower 2.3% to $0.164 Amid Bearish Outlook

💡 DMK Insight

Hedera’s token is stuck in a range, and here’s why that matters: The recent late-session recovery suggests traders are testing the waters around key resistance levels. If Hedera’s token can break through these levels, it could signal a shift in momentum, attracting more buyers. However, failing to do so might lead to further consolidation or even a pullback, especially if broader market sentiment remains cautious. Keep an eye on volume during these movements; a spike could indicate stronger conviction behind a breakout or breakdown. But here’s the flip side: range-bound trading often leads to frustration, and traders might be tempted to over-leverage positions. It’s crucial to manage risk, especially if the token approaches the upper resistance without solid volume backing. Watch for a decisive move above or below the current range, as that could set the tone for the next few sessions. Key levels to monitor are the resistance points established in the last few days, as they will dictate short-term trading strategies.