Hedera (HBAR) experienced a sharp 20% decline over the last week, but a recent 5% rebound in the past 24 hours could hint at a changing trend. While the overall market sentiment remains bearish, various indicators are pointing towards an increase in buying pressure, potentially signaling a trend reversal.

If HBAR manages to surpass the resistance level at $0.219, there is a possibility for it to climb towards $0.258 and even reach $0.287. However, failure to sustain this upward momentum might result in a retest of the support levels at $0.179 or lower.

The HBAR DMI (Directional Movement Index) reveals that buyers are gaining control, with the Average Directional Index (ADX) currently standing at 27.4. Although the downtrend strength is weakening, HBAR has not confirmed a complete trend reversal yet.

The Ichimoku Cloud chart for Hedera suggests a potential shift in trend as the price moves above the Tenkan-Sen line. However, resistance within the cloud zone indicates ongoing bearish pressure, emphasizing the need for a decisive breakout to confirm a bullish momentum shift.

Even though the EMA lines show a bearish trend, the upward movement of short-term EMAs hints at a possible trend reversal. If HBAR successfully breaks through the key resistance level at $0.219, it could pave the way for a significant rally towards $0.258 and $0.287.

The battle between buyers and sellers in the upcoming sessions will determine whether HBAR can sustain its recent rebound or continue on its downward trajectory. The current price dynamics suggest a potential turning point for Hedera, with key resistance and support levels playing a crucial role in its future price action.