HBAR Falls 4.74% as Price Nears the Lower Bollinger Band

Hedera (HBAR) fell 4.74% over the 24 hours through 7:41 a.m. ET (11:41 UTC) Oct. 22, trading near $0.08 as its price approached the lower Bollinger Band.

At 4:35 p.m. ET (20:35 UTC), HBAR/USDT was listed at $0.07872, near the day’s $0.0786 low. That later quote is a separate observation from the earlier 24-hour decline.

HBAR’s Bollinger %B reading was 0.1713, placing it near the indicator’s lower band. The middle band and short-term moving averages were near $0.09. A low %B reading places the price near the bottom of the band’s range, but does not establish when or whether it will turn.

Other momentum measures gave mixed readings. The 14-day relative strength index was 38.88, above the commonly watched 30 oversold level. The Stochastic oscillator’s %K was 5.53 and %D was 4.42, readings associated with oversold conditions under that measure.

During a one-hour period on Oct. 9, taker selling outpaced buying in HBAR, with sell volume of 7,405,035 against buy volume of 6,502,246. That snapshot predates the Oct. 22 price readings.