![Hedera [HBAR] at a crossroads as these opposing metrics raise questions](https://i.headtopics.com/images/2023/2/15/cryptoamb/hedera-hbar-at-a-crossroads-as-these-opposing-metr-hedera-hbar-at-a-crossroads-as-these-opposing-metr-1625926666793910297.webp)
HBAR bulls cool down but mixed signs about price direction fog the road ahead. Hedera secures a strategic partnership leading to the on-boarding of another high-profile project. Hedera [HBAR] has been one of the most bullish cryptocurrencies so far in February 2023, during which it built on its January gains. This was unlike most top […]
may offer some insights into what to expect. Bullish exhaustion was evident after the cryptocurrency’s latest peak on 11 February. It has been struggling with resistance above the $0.090 price level, and the bears were attempting to take over at press time. Although expectations were high, the price action was showing mixed signs.The 50-day moving average crossed above the 200-day moving average from below, forming a golden cross at press time. The latter is usually considered a bullish sign.
HBAR also retested overbought territory, and sell pressure is likely to manifest under such conditions – especially if the price was previously heavily bullish. This is because investors that are deep in money may want to secure profits. Significant outflows of roughly $310 million have already taken place in the last three days.HBAR’s volume also tanked substantially during the same period, confirming that the bullish sentiment is no longer in control.
analysis pointed towards contrasting signs. While the metrics and the price-RSI divergence highlighted a potentially bearish outcome for the next few days, the golden cross suggested otherwise. But this is not the only bullish sign. The HBAR Foundation just announced a strategic partnership betweenWe’re excited to announce that the Virtual Power Exchange , a joint venture between
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