🚀 Hedera HBAR: Current Price Action & Weekly Outlook

Hedera HBAR is currently trading around $0.106, showing a daily decline of approximately 1.8%. This performance slightly lags the broader crypto market, bringing HBAR's weekly losses to nearly 10%.

Market sentiment remains cautious. The Crypto Fear & Greed Index stands at 34, signaling a "Fear" state and a general risk-off environment across altcoins. 📉

HBAR encountered strong selling pressure at the $0.114 resistance level, unable to sustain a breakout. This occurred even with the recent positive news from the McLaren partnership announcement. 🏎️