Hedera's HBAR Faces Potential "Death Cross" as Golden Cross Nears End

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Hedera's native cryptocurrency, HBAR, is showing signs of weakening momentum, with technical indicators suggesting a potential shift from a bullish trend to a bearish one. After a two-month "golden cross," where the 50-day Exponential Moving Average (EMA) stayed above the 200-day EMA, the gap between these indicators is narrowing, raising concerns about a possible "death cross". This technical pattern, where the shorter-term EMA crosses below the longer-term EMA, is often seen as a bearish signal.

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