Hedera (HBAR) price is down more than 5% in the last 24 hours, pulling back after reaching levels close to $0.40 in mid-January. The DMI chart shows weak trend strength, indicating consolidation after a strong downtrend emerged two days ago.

Meanwhile, the Ichimoku Cloud signals a bearish outlook, with HBAR struggling to break above key resistance. If momentum shifts, a golden cross could spark a rally toward $0.35 and $0.37, while further downside may lead to a retest of $0.29 or even $0.25.

HBAR DMI Signals Uncertainty After Recent Downtrend

Hedera DMI chart shows its ADX at 15, fluctuating between 12 and 20 for the past eight days, indicating weak trend strength.

ADX measures the strength of a trend, with values below 20 signaling consolidation and above 25 suggesting a stronger directional move. With ADX staying low, HBAR’s trend lacks momentum, making its next move uncertain.

Currently, +DI is at 17.9, while -DI is at 22.4, down from 31.7 two days ago when HBAR dropped from $0.33 to $0.29. This suggests that bearish pressure is weakening, but the downtrend remains intact.

If +DI starts rising and crosses above -DI with a strengthening ADX, a reversal could begin. Otherwise, HBAR may continue struggling to find support, extending its downtrend.

Hedera Ichimoku Cloud Shows a Bearish Setting

The Ichimoku Cloud chart shows that HBAR price is currently trading below the cloud, indicating a bearish trend. The red cloud ahead suggests that resistance remains strong, making it difficult for HBAR to regain upwar

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Author: Tiago Amaral

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