HBAR Price Struggles with Mixed Momentum at Key Price Levels
Hedera (HBAR) price has been consolidating over the past few weeks, rising slightly by 3.8% over the past seven days. The coin is struggling to maintain its market capitalization above $11.5 billion as market momentum shows signs of weakening.
While HBAR remains in an uptrend, mixed signals from technical indicators point to either continued gains or a reversal. Traders are keeping a close eye on whether HBAR can break above key resistance levels or test lower support areas.
Hedera Still on an Uptrend, But a Turnaround May Be Coming
Average Directional Index (ADX) ivy It is currently at 35.9, reflecting strong trend strength, albeit down slightly from 37.7 a few hours ago. ADX measures the strength of a trend on a scale of 0 to 100, with values above 25 indicating a strong trend and values below 20 indicating weak or lack of momentum.
Current levels indicate HBAR Price ADX is still in a strong uptrend, although a slight decline suggests momentum may be weakening.
Directional indicators provide more context, with +DI at 24.9, down from 38.2 two days ago, and -DI at 15.1, up from 9.1 during the same period. This shows that while buying pressure is still dominant, it has weakened significantly and selling pressure is starting to rise.
If this trend continues, the uptrend may lose momentum. HBAR Unless new buying activity strengthens +DI and stabilizes ADX, a consolidation phase or even a potential downtrend is likely.
HBAR Ichimoku cloud shows mixed signs
Ichimoku Cloud Atlas ivy Currently reflects hybrid settings. Prices are trading near the red cloud, signaling a period of uncertainty as the market struggles to establish a clear direction.
While the green cloud ahead indicates underlying bullish momentum, the price’s proximity to the red cloud suggests further confirmation is needed to solidify the uptrend.
The blue Tenkan-sen (conversion line) is trending downward and has approached the orange Kijun-sen (baseline), indicating weakening short-term momentum.
for HBAR Price To resume its upward trajectory, it must move decisively into the clouds and maintain its position. Conversely, if the price breaks below the clouds, this could signal a bearish turn that could lead to further losses.
HBAR Price Prediction: Will Hedera drop back to $0.23 in January?
HBAR Price It is currently consolidating between the key support level at $0.274 and the resistance level at $0.311. It formed a golden cross a few days ago, but HBAR price failed to break above the resistance near $0.32.
If the ongoing uptrend regains strength and manages to break above the $0.311 resistance, ivy Further upward momentum is likely to be seen, which could lead to a test of the next resistance level at $0.338.
However, if the $0.274 support fails to hold, the current trend may reverse into a downtrend. in this case, HBAR Price It could face additional selling pressure, pushing it lower to retest the next support at $0.233.
Disclaimer
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