Hedera USD Drops 15% to $0.1036 as RSI Cools From Overbought

Hedera USD dropped 15% in 24 hours, falling from $0.12186 to $0.10359 on September 29, 2026. Trading volume surged to 600.8 million, 8.5 times the 30-day average, signaling aggressive selling pressure. No single news event explains the move, but technical indicators show the pullback is cooling momentum after a month-long rally.

Why HBARUSD fell 15% overnight

HBARUSD opened at $0.12186 and closed at $0.10359, a $0.01827 loss in 24 hours. Volume exploded to 600.8 million tokens, far above the 75.5 million daily average. The sharp drop erased gains from the past week, when the coin had climbed 11.6% through September 28.

Technical picture shows cooling momentum after the rally

RSI sits at 64.12, below the 70 overbought threshold, indicating the selling pressure has eased momentum. ADX reads 37.36, confirming a strong downtrend in place. Price now trades below the Bollinger Band upper level of $0.11, with support near the lower band at $0.06. The Stochastic oscillator at 78.57 shows %K and %D both elevated, suggesting the move may stabilize near current levels.

Forecast shows near-term weakness, long-term recovery

Meyka’s 1-month forecast stands at $0.05, implying a 52% decline from today’s price. The 12-month forecast is $0.1046, just 1% above current levels, suggesting a recovery by year-end. Forecasts may change due to market conditions, regulations, or unexpected events.

Volume spike and money flow signal capitulation

Money Flow Index reached 66.92, near overbought territory, while On-Balance Volume hit 1.32 billion. The 8.5x volume surge relative to average indicates institutional or large retail liquidation. This level of volume often marks a capitulation point where selling pressure exhausts itself.

Final Thoughts

HBARUSD’s 15% drop reflects a sharp reversal after a strong month, but technical data suggests the worst may be priced in. With RSI cooling and ADX confirming downtrend strength, the coin faces near-term headwinds before any recovery attempt.

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Disclaimer:

Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.