Hedera (HBAR) is facing downward pressure, with a 3.6% decrease in the last day and a 13.6% decline over the past week. Its current price struggles to stay above $0.21, hovering close to $0.185, while the market cap has fallen below $8 billion, indicating weakening investor sentiment.

Key momentum indicators like RSI and BBTrend show bearish trends, with the potential for an EMA death cross, increasing the risk of further declines. HBAR's current position is critical, as maintaining support levels could prevent further losses.

The BBTrend for HBAR has turned negative to -8.88, transitioning from positive territory on May 16, suggesting a shift towards bearish momentum. The sustained drop in the BBTrend indicates a loss of bullish strength and an increase in downward pressure on HBAR.

The RSI for Hedera stands at 39, reflecting a loss of momentum following a failed recovery attempt. Although showing volatility, the RSI position hints at a lack of conviction from buyers, with sellers dominating the market in the short term.

Hedera's price is nearing a crucial support level at $0.185, with EMA lines potentially indicating a forthcoming death cross. This scenario could lead to a deeper downtrend if the $0.185 support level is breached, with a potential further decline to $0.169.

On the positive side, maintaining support above $0.185 could spark renewed buying interest and lead to a potential retest of the $0.192 resistance level, possibly pushing HBAR towards $0.202 and even reaching $0.228 with increasing momentum.