Hedera (HBAR) price reached multiple highs in December but has now fallen more than 4% in the last 24 hours.

Although several indicators suggest the correction may end soon, a looming death cross threatens to deepen the decline.

HBAR Is Still In a Downtrend

Hedera DMI chart reveals that its ADX is currently at 18.2, indicating weak trend strength. The +DI (Directional Indicator) stands at 18.8, while the -DI is slightly higher at 19.3, showing that bearish momentum remains slightly dominant.

This setup shows that HBAR is still in a downtrend, but the lack of a strong ADX suggests the trend is not firmly established, leaving room for potential shifts in market direction.

The Average Directional Index (ADX) measures the strength of a trend on a scale of 0 to 100, regardless of its direction. Values above 25 indicate a strong trend, while readings below 20, like HBAR current 18.2, suggest weak or absent trend strength. The close proximity of +DI and -DI indicates that neither buyers nor sellers are exerting significant control.

For the short term, HBAR price may remain range-bound or show limited movement unless one side gains a clear advantage, accompanied by a rising ADX to confirm stronger trend momentum.

Ichimoku Cloud Hints at Further Decline

The Ichimoku Cloud chart for Hedera indicates a bearish setup, with the price positioned below the red cloud. The red color of the cloud, formed by Senkou Span A and Senkou Span B, reflects bearish momentum as Senkou Span A remains below Senkou Span B. This configuration suggests that downward pressure persists in the market, keeping HBAR under a bearish infl

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Author: Tiago Amaral