HBAR Price Stalls Below Key Resistance as Bears Hold Firm
The price of Hedera (HBAR) has fallen by more than 5 % in the past 24 hours, reaching a retreat at a level of nearly $ 0.40 in mid -January. The DMI diagram shows the strength of weak trend, indicating that two days ago, it was consolidated after a strong downward trend.
At the same time, iChimoku’s prospect of seeing the decline, HBAR worked hard to surpass the key resistance. If the amount of dynamics changes, the gold cross may stimulate a rally of $ 0.35 and 0.37 US dollars, and further declines may lead to re -testing $ 0.29 or even $ 0.25.
HBAR DMI signal is uncertain after recently declined
ivy The DMI chart shows that its ADX has fluctuated between 12 and 20 in the past eight days, indicating that the trend strength is weak.
The intensity of the ADX measurement trend is less than 20 signals, and the value higher than 25 indicates that the direction is stronger. With the low state of ADX, the trend of HBAR lacks motivation, which makes it uncertain in the next step.
At present, +di is 17.9 HBAR Falling from $ 0.33 to $ 0.29. This shows that the pressure on the drop is weakening, but the downward trend is still intact.
If+di starts to rise and increases the speed of ADX, it may begin to reverse. Otherwise, HBAR may continue to work hard to find support, thereby expanding its decline.
Hedera Ichimoku Cloud showed the decline environment
Ichimoku cloud chart display HBAR price It is currently being traded below the cloud, indicating the trend. The red cloud in front shows that the resistance is still strong, so it is difficult HBAR re -get upward motivationEssence
In addition, the price is trying to surpass the blue Tenkan-Sen line, which is a short-term resistance level.
If HBAR cannot recover the cloud, it may continue to move downward, thereby testing the lower level of support. However, the breakthrough above the cloud may indicate the potential trend reversal.
At present, the overall prospects are still loser, unless ivy Get enough motivation to promote key resistance levels.
HBAR price prediction: potential 23 % rising space?
HBAR price Recently, a death cross has been formed. Send a signal to see the decline, and the other can be on the horizon. If this happens, HBAR may re -test the support level of $ 0.29 a few days ago.
Losing this support may trigger further disadvantages, which may cause a drop to $ 0.25, marking a correction of 16.6 %.
In terms of rising HBAR Reversing its trend may produce cash cross, indicating the power of watting. A breakthrough of the resistance level of more than $ 0.31 can open the door of the rally, until $ 0.35, or even $ 0.37, which may be a 23 % gain.
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