Imminent Death Cross Signals Bearish Momentum for HBAR Price
Hedera (HBAR) price hit multiple highs in December but is currently down more than 4% in the past 24 hours.
While multiple indicators suggest the correction may end soon, a looming death cross could exacerbate the decline.
HBAR remains on a downward trend
ivy The DMI chart shows that its ADX is currently at 18.2, indicating weaker trend strength. The +DI (directional indicator) is at 18.8, while the -DI is slightly higher at 19.3, indicating that bearish momentum is still slightly dominant.
This setup suggests that HBAR is still in a downtrend, but the lack of a strong ADX suggests that the trend is not yet firmly established, leaving room for a potential shift in market direction.
The Average Directional Index (ADX) measures the strength of a trend on a scale from 0 to 100, regardless of its direction. Values above 25 indicate a strong trend, while readings below 20 e.g. HBAR Currently 18.2, indicating weak or missing trend strength. +DI and -DI are very close, indicating that neither buyers nor sellers exert significant control.
In the short term, HBAR Price Unless one side gains a clear advantage and ADX rises to confirm stronger trend momentum, range trading or limited performance is likely.
Ichimoku balance sheet cloud hints at further decline
Ichimoku Cloud Atlas ivy Indicating a bearish setup, the price is below the red cloud. The red cloud formed by Senkou Span A and Senkou Span B reflects bearish momentum as Senkou Span A remains below Senkou Span B. This configuration signals continued downward pressure in the market, putting HBAR under bearish influence.
Additionally, the purple Tenkan-sen (conversion line) is below the orange Kijun-sen (baseline), reinforcing bearish sentiment as short-term momentum lags behind the long-term trend.
The green Chikou Span is also below the price action and cloud, further confirming the dominance of the bearish condition. Overall, the Ichimoku setup shows HBAR Unless it can break through the clouds, signaling a potential reversal, it will likely continue in its downtrend.
HBAR Price Prediction: Will Hedera Drop 13.7% Next?
If the current downtrend HBAR Price If the price strength continues, the price may fall further to test the $0.233 support. This may happen if the short-term line (red line) crosses below the long-term line (light blue line), forming a death cross. Failure to hold this support level could signal increased bearish momentum, which could push stocks higher. lower price.
On the other hand, if the trend reverses and the short-term line crosses the long-term line, HBAR Price You can try to restore.
In this case, the price is likely to test the $0.31 resistance, and a successful move above this level could pave the way for a move towards $0.33. A bullish reversal of this nature would signal renewed buying interest and potential momentum for further gains.
Disclaimer
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