Hedera (HBAR) Slips Below $0.20 Amid Ongoing Downtrend | Airdrop Alert Pro

Hedera (HBAR) has fallen 37% in the past 30 days, and its price has been trading below $0.30 for nearly a month. Technical indicators continue to show bearish outlook, with DMI revealing a lack of clear direction and weaker trend strength.

Ichimoku Cloud also pointed out that HBAR is difficult to exceed key resistance levels and therefore continues to pressure downward. With its EMA line remaining bearish aligned, HBAR may drop further unless the buying momentum returns.

Hedera DMI shows lack of clear direction

HBAR Directional motion index (DMI) It shows that its ADX is currently 13.5, down from yesterday’s 17.4. The average direction index (ADX) measures the strength of a trend, regardless of direction, values ​​below 20 usually indicate a weak or non-trend market.

in this case, The decline of the ivy ADX shows that its downward trend is losing momentum. This may indicate a period of consolidation or lateral movement because the trend lacks the positive downward force.

Meanwhile, +DI fell at 28.2 two days ago, while -DI was 28.2, while -DI was 20 years old, up from 31 a day ago. +Di measured momentum, -DI measured downward momentum. Both indicators are falling, indicating that sales pressure is declining, but purchase interest remains weak.

Since -i is still Abve +by, Hedera is still on a downward trendalthough the reduced gap between the two may indicate that sales pressure is easing.

If +di starts to rise above -DI in the next few days, it may mark the beginning of a reversal or at least a pause in the current downtrend. But until that happens HBAR price action May remain bearish or range.

Hbar Ichimoku Cloud draws negative images

HBAR’s Ichimoku Cloud Chart Currently showing bearish outlook. The price trading is lower than that of Kumo, indicating a continuation of the downward trend.

Tenkan-sen (blue line) is below the Kijun-sen (red line), enhancing bearish sentiment. Furthermore, the price is working hard to surpass Kijun-Sen, which is resistive, which indicates that the buying momentum is still weak.

Senkou Span A (leading green line) is below Senkou Span B (leading red line), projecting the bearish cloud forward. This suggests that downward pressure may continue in the near future.

Furthermore, the distance between the current price and the cloud indicates Hedera is still on a strong downward trend. Unless the price may exceed Kijun-sen and move towards the clouds, the bearish outlook is likely to continue.

Will Hedera drop to $0.12 soon?

HBAR’s EMA line currently marks a bearish trend, with short-term EMA below the long-term. This route indicates that downward momentum is prevalent and sales pressure remains dominant.

recent, HBAR tested support $0.177, although this level is reached, the risk of retesting remains. If the support of $0.177 is tested again and cannot be held, the HBAR may drop further to $0.125, marking a continuation of the bearish trend.

Current EMA positioning shows that unless there is a big gain in purchasing interest, a downward trend is still a more likely situation.

However, if bearish momentum fades and the trend reverses, HBAR may rise to test resistance at $0.24. A break above this level will indicate a shift in sentiment that may raise the price to $0.32.

If the upward trend gains greater strength, Hedra may meet To $0.40, this is a level not seen since 2021. To make this bullish situation come true, short-term EMA will need to exceed long-term emas, which indicates a reversal.

Until then, HBAR’s price action may remain stressful, with a support level of $0.177 is essential to determine the direction of the next move.