In summary
HBAR is attempting a recovery after a 40% decline, with resistance at $0.248 and key support at $0.21.
The DMI suggests selling pressure is easing, but stronger buying momentum is needed to reverse the trend.
The Ichimoku Cloud signals ongoing bearish conditions, requiring a break above $0.23 to shift to an uptrend.
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The Hedera (HBAR) price is attempting a recovery after a sharp 40% decline over the past 30 days. While the downtrend persists, indicators suggest that selling pressure may be subsiding.
The Ichimoku Cloud and EMAs still show bearish signals, but key resistance levels could trigger a breakout if buying momentum strengthens. If HBAR can regain lost ground, it could test the $0.248 level soon, while further downside remains possible if support at $0.21 is lost.
HBAR DMI Suggests Downtrend May Be Easing
HBAR’s DMI chart shows its ADX has risen to 19.3 from 14.2 in the past two days, suggesting a strengthening trend. The ADX (Average Directional Index) measures trend strength on a scale of 0 to 100, with values below 20 signaling a weak trend and above 25 indicating a stronger trend.
As the ADX remains below 20 but is rising, this suggests that Hedera’s downtrend may be stabilizing, although it has not yet confirmed a strong move.
The Hedera (HBAR) price is attempting a recovery after a sharp 40% decline over the past 30 days. While the downtrend persists, indicators suggest that selling pressure may be subsiding.
The Ichimoku Cloud and EMAs still show bearish signals, but key resistance levels could trigger a breakout if buying momentum strengthens. If HBAR can regain lost ground, it could test the $0.248 level soon, while further downside remains possible if support at $0.21 is lost.
HBAR DMI Suggests Downtrend May Be Easing
HBAR’s DMI chart shows its ADX has risen to 19.3 from 14.2 in the past two days, suggesting a strengthening trend. The ADX (Average Directional Index) measures trend strength on a scale of 0 to 100, with values below 20 signaling a weak trend and above 25 indicating a stronger trend.
As the ADX remains below 20 but is rising, this suggests that Hedera’s downtrend may be stabilizing, although it has not yet confirmed a strong move
The lagging span (Chikou Span) remains below the price action, confirming that bearish momentum persists. However, a slight price recovery suggests an attempt to regain strength.
If Hedera surpasses the Tenkan-sen and Kijun-sen, it could challenge the lower edge of the cloud. A rejection at this level could lead to further declines, while a successful breakout above the cloud would be a strong bullish signal.
HBAR Price Prediction: Will Hedera Drop Below $0.2?
Hedera’s price chart shows its short-term EMAs trading below the long-term ones, confirming the downtrend. If the downtrend continues, HBAR could test the $0.21 support level, and losing this level could push the price further down to $0.179.
Selling pressure remains dominant, making these levels crucial for buyers to defend
On the upside, if the HBAR price can reverse the trend, the next resistance level to watch is $0.248. A breakout above this level could solidify the bullish momentum, potentially pushing the price to $0.32, its highest point since late January.
However, for this to happen, HBAR needs a strong shift in momentum and increased buying pressure.
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