Hedera advances 3.28 percent as RSI approaches oversold territory: weekly report

Hedera (HBAR) continues a bearish tilt, trading around $0.088 with weekly gains of 3.28% but remains below MA-20, MA-50, and MA-200, signaling sustained selling pressure. Technicals show momentum fading and RSI near oversold, with a 7-day range likely between $0.0800 and $0.0990. Institutional catalysts are noted, including council expansion (McLaren Racing) and regulatory clarity classifying HBAR as a digital commodity, supporting potential ETF activity. Expect sideways action with limited upside unless $0.0990 resistance is reclaimed.