Hedera (HBAR) has seen a 5% increase in value over the past week, although it has dropped by nearly 4.5% in the last 24 hours. The trading volume has also decreased by 25% to $241 million. This decline is supported by various indicators indicating a weakening trend, such as a notable decrease in BBTrend and a falling RSI approaching oversold levels.

Currently, the price movement of HBAR is stuck between crucial support and resistance levels, while the EMA lines still maintain a bullish pattern. However, the short-term averages are beginning to curve downwards. The future direction of HBAR, whether it breaks lower or rebounds, will likely hinge on its performance in the $0.191–$0.202 range in upcoming trading sessions.

The BBTrend for Hedera has plummeted to 5.95 from 16.48 just three days ago, indicating a significant slowdown in trend strength. This decline, despite being positive in the past five days, suggests a potential decline in bullish momentum.

Additionally, the RSI for HBAR has dropped to 39.75 from 59.88 two days ago, showing a sharp decrease in bullish momentum and trader sentiment. This drop places HBAR just above oversold levels, suggesting a quick build-up of bearish pressure over the previous week.

The price of Hedera is currently consolidating within key technical levels, facing resistance at $0.202 and support at $0.191. While the EMA lines continue to display a bullish formation, the short-term EMAs are starting to decline, posing the risk of a bearish crossover. If support at $0.191 falters, HBAR could potentially drop further to $0.169 and $0.153.

However, if buyers step in at the $0.191 level, HBAR might retest the $0.202 resistance. Breaking past this barrier could initiate a bullish trend continuation, targeting $0.215 and $0.228. With sustained momentum, Hedera may challenge $0.258, marking a significant breakthrough above the $0.25 level for the first time since early March.