Hedera’s 23% Rocket Ride Is Just the Beginning—Here’s the Shocking Price Target That Could Flip the Script Completely!
However, the asset’s Relative Strength Index (RSI) stood at 85, at press time, indicating that it is in an overbought and overstretched zone.
Additionally, there is a possibility of a potential correction, sideways movement, or a price drop before the upside momentum resumes.
On-chain and derivatives signals
Given the current market sentiment, investors appear to be offloading their holdings for profit-taking, as reported by the on-chain analytics firm CoinGlass.
Data from CoinGlass reveals that, over the past 48 hours, exchanges have seen an inflow of $12.77 million worth of HBAR.
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