HBAR Price Drops 13%, Losing $10B in Market Cap
The price of hedra (HBAR) has dropped sharply, and has decreased by more than 13 % in the past 24 hours, and has decreased by 19 % in the past week. This downturn reduced the market value of HBAR to $ 9 billion, which led to its loss of $ 10 billion in entrance.
Technical indicators, including ADX rising and loser Ichimoku cloud settings, confirmed the strength of the current decline trend. With the recent deaths formed on its EMA line, HBAR is now facing the key level of support. At the same time, any potential recovery needs to recover key resistance to reverse the current decoction.
Hedera Adx means that the current decline is very strong
ivy The average direction index (ADX) is currently 43.3, and it has risen sharply from 11.4 three days ago. This major growth shows that the strength of HBAR’s current trend is increasing.
The ADX indicator can measure the trend intensity without indicating the direction, which means that it can apply to the upward and downward trend. In view of the continuous decline of HBAR, the surge in ADX reflects the current price transfer and enhances the general loser emotions.
The ADX value is between 0 and 100, and the readings are less than 20, indicating the trend of weak or non -existence, and the value higher than 25 indicates a strengthening trend. When ADX exceeds 40, it shows a strong trend. and HBAR ADX is now 43.3, and the downward trend seems to be getting traction rather than weakening.
Unless major changes occur, this may mean further downward pressure. High ADX in the decline will usually marked a strong decoction momentum, so it is difficult to reverse the market structure in the short term without obvious market structure changes.
HBAR Ichimoku Cloud shows the settings of the loser
Ichimoku cloud HBAR The chart marks clear the trend of clearing. The price is currently trading under the cloud, which means a downward trend. In addition, the cloud in front is red, which shows that the decline is expected to continue. Tenkan-Sen (blue line) is below the Kijun-Sen (red line), which enhances the short-term deck structure.
At the same time, Chikou span (green line) is also lower than price actions, confirming the overall decline bias. The recent sharp decline and weak rebound indicate that the seller is still in control.
for HBAR price In order to reverse its decoction trend, it needs to recover the cloud and build support above it. However, as the future clouds are predicted to decline, and the price failed to show signs of strong reversal, it is still possible to further be shortened.
If the sales pressure continues, HBAR may be difficult to surpass the resistance level near Kijun-Sen. On the other hand, the decisive promotion above the cloud may change the motivation, but at present, the Ichimoku cloud setting is conducive to continuing to move.
HBAR price forecast: Can hedra below $ 0.1 in February?
HBAR’s recent price movement has fallen, and its EMA cable has formed a death cross in the past two days. In the case of a short -term EMA dropped to long -term EMA, this decoction cross constitutes a potential continuation of the decline trend. If the sales pressure still exists, Hedera price The next key support test can be tested to $ 0.125. This level can be determined whether it can be determined Further shortcomings are comingEssence
The rest that is lower than this support will open the door for a deeper decline, and $ 0.053 is the next main interest. In view of the current structure, unless the trend has changed significantly, it is still strong to see the volume.
If, if, if HBAR price Trying to re -obtain the bullish momentum in the past few months, and support at a price of 0.25 will be the first sign of strength. The successful breakthrough exceeding this level may lead to a transfer of $ 0.29. This is a key resistance. If it violates, it may be further refueling.
In addition, HBAR can try to recover the level higher than $ 0.30 and even push to $ 0.35, and the resistance is more powerful. In order to perform this situation, HBAR needs to continue to purchase pressure and the reversal of trend indicators, because the current settings are still conducive to downward.
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