Hedera (HBAR) continues its downward trend amidst an optimistic market. Short-term indicators suggest further declines ahead, posing risks for traders who must carefully manage their positions to navigate through the uncertainty.

The Ichimoku Cloud indicator remains bearish for HBAR, hinting at downward momentum with candlesticks below the basis line reinforcing this sentiment. This prevailing bearish outlook, coupled with the expanding Cloud, points towards intensified downward pressure in the near future.

Should HBAR persist on its downward path and hit $0.177, it risks triggering significant long liquidations worth $13.3 million. Such a scenario could dampen market sentiment, prompting traders to withdraw and potentially exacerbate the downturn.

Trading at $0.195 within a descending channel, HBAR struggles to hold onto support. Despite attempts to secure this level, prevailing conditions suggest a lack of bullish prospects at the moment. A breach of the $0.195 mark could push the price towards $0.177, marking a critical support that, if broken, could signal a further bearish trend.

However, if HBAR manages to rebound from the $0.195 support level, breaking above $0.222, it could signal a potential shift in momentum, invalidating the bearish outlook and offering hope for a recovery.

As the market remains uncertain, monitoring key levels and indicators will be essential for traders navigating HBAR's volatile journey. Stay informed and make informed decisions to weather the storm and seize opportunities.

[This analysis is provided by the top crypto platforms TonTrader, Phemex, Margex, BingX, and HTX.]