HBAR Price Eyes Rebound After 40% Drop – Can It Recover?
Hedera (HBAR) price has been attempted to recover after 40% correction in the past 30 days. Although the downward trend remains the same, indicators indicate that sales pressure may be easing.
The Ichimoku Cloud and EMA lines still show bearish signals, but if the buying momentum is strengthened, key resistance levels may cause breakthroughs. If HBAR can reclaim the lost ground, it may test $0.248 very quickly, while if the support is lost, there may be more disadvantages.
HBAR DMI It indicates that the decline may be easing
HBAR DMI Chart Showing its ADX rose to 19.3 in the past two days, indicating a strengthening of the trend. this ADX (Average Directional Index) measures trend strength On the scale of 0 to 100, the value is below 20 and the signal is weaker, and above 25 indicates a stronger trend.
Since ADX is still below 20, but it rises, this indicates Hedera drops It may be stable, although strong directional movements have not been confirmed.
From three days ago, after falling from 22.4, +di rose from 10.9 to 13.9, while -DI fell from 22.3 to 19.4. This shows that sales pressure is slowly recovering as the momentum of buying.
However, as -DI remains higher than +di, the downward trend remains intact. If +di continues to rise and exceeds -di, it may indicate a trend reversal, but now, HBAR needs stronger buying momentum Transfer out of the bearish stage.
Hedera Ichimoku Cloud shows ongoing bearish settings
HBAR’s Ichimoku Cloud shows the current price below the cloud, Indicates bearish trend. The cloud itself is red, projected forward, indicating the potential resistance ahead.
Both the baseline (Kijun-sen) and the conversion line (Tenkan-Sen) are flat, indicating weak momentum. For a trend reversal, the price will need to surpass the cloud, with the current price being around $0.23.
The lagging span (Chikou span) is still lower than the price action, confirming that bearish momentum is complete. However, a slight price rebound indicates an attempt to restore power.
if Hedera cracks on it Tenkan-Sen and Kijun-Sen may challenge the lower edge of the cloud. Rejection at this level may lead to further drawbacks, and a successful breakthrough on the cloud will be a strong bullish signal.
HBAR price forecast: Will Hedera be below $0.2?
Hedera Price The chart shows long-term trading below its short-term EMA line, confirming the bearish trend. If the downtrend continues, HBAR can test the support level of $0.21 and the loss may drop further to $0.179.
Sales pressure remains dominant, making these levels crucial for Bulls to defend.
In terms of upward, if HBAR price It can reverse its trend, with the next viewing resistance of $0.248. A breakout above this level can enhance the bullish momentum and may send the price to $0.32, the highest level since late January.
However, to achieve this, HBAR needs a strong shift in momentum and increased buying pressure.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
