Hedera (HBAR) price has been struggling to break above $0.25, reinforcing the ongoing bearish momentum. Its market cap now stands at $8.7 billion, with technical indicators pointing to continued downside risks.
The ADX confirms that the current downward trend remains strong, while the Ichimoku Cloud and EMA structures suggest further weakness. Unless key resistance levels are broken, HBAR remains in a vulnerable position, with the potential for deeper corrections ahead.
Hedera DMI Suggests Selling Pressure Is Easing
Hedera ADX is currently at 41.1, having remained above 40 for the past three days and peaking at 44.1 on February 3. The Average Directional Index (ADX) measures trend strength, with readings above 25 indicating a strong trend and lower values suggesting weakness.
While it does not indicate direction, HBAR’s high ADX confirms that its ongoing bearish trend has been strong over recent days.
The +DI has climbed to 12.8 from 3.9 three days ago, stabilizing between 11 and 14, while the -DI has dropped to 28 from 44.7, hovering between 28 and 33.
This shift suggests selling pressure is easing slightly, but Hedera buyers have not gained enough strength to reverse the trend. With ADX still above 40, the downtrend remains intact, though the slowing momentum could indicate a potential consolidation phase before the next move.
HBAR Ichimoku Cloud Shows a Bearish Setup
The Ichimoku Cloud chart for HBAR shows a bearish outlook, with the price trading below the cloud. The red cloud ahead suggests
Go to Source to See Full Article
Author: Tiago Amaral
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
