Hedera (HBAR) has experienced a 3.3% increase in the past 24 hours, pushing its market capitalization to $8.06 billion with a trading volume of nearly $127 million. Despite this short-term price surge, technical indicators are presenting a mixed outlook.

The BBTrend for HBAR has shifted back to negative territory, while the RSI has bounced to a neutral zone after recent volatility. HBAR has been trading within a narrow range, and its next move may hinge on breaking resistance at $0.193 or maintaining support near $0.184.

The HBAR BBTrend is currently at -3.67, indicating renewed bearish pressure following a brief recovery. The volatility implies unstable market sentiment around HBAR, with sudden changes in trader positioning and uncertainty regarding the near-term price direction.

The HBAR RSI now stands at 49.25, recovering from a recent low of 30.46. This recovery suggests that bearish pressure has reduced, but buyer conviction remains limited at present.

Hedera has been consolidating between $0.183 and $0.193, signaling a potential breakout. A bullish momentum could see the price surpass the $0.193 resistance level, targeting $0.20 and possibly reaching $0.209 and $0.228 in a stronger uptrend. However, if selling pressure intensifies and HBAR fails to hold the $0.184 support level, a decline towards $0.169 could occur.

With the EMA lines offering little direction, the price action for HBAR is expected to remain range-bound until a clear breakout or breakdown emerges. Traders are advised to closely monitor the trend for any confirmation of its direction.