The cryptocurrency Hedera (HBAR) has seen a price increase of over 5% in the past day, signaling some short-term relief following a challenging start to April.

Although there has been a bounce, technical indicators still suggest an overall weak trend, with a bearish Exponential Moving Average (EMA) alignment and a stagnant Average Directional Index (ADX). While momentum remains uncertain, key support levels have been maintained by the bulls.

Hedera is showing early signs of a potential shift towards bullishness, but the trend is still considered weak. The ADX is around 19.8, slightly up from 18.49 two days ago but lower than a recent peak of 21.94.

The DMI (Directional Movement Index) indicator for HBAR reveals that the ADX is near 20, indicating relatively soft momentum without a clear direction. The positive Directional Indicator (+DI) has modestly increased, while the negative Directional Indicator (-DI) has decreased, suggesting a weakening bearish trend.

The Ichimoku Cloud chart for HBAR suggests a neutral to slightly bearish trend, with the price trading below the Kijun-sen and close to the Tenkan-sen lines. This indicates weak short-term momentum and lack of a defined direction.

Despite the bearish EMA structure, HBAR has held key support levels at $0.156 and $0.153, indicating buyers are defending these levels. A potential recovery could see HBAR target resistance levels at $0.168, $0.178, and potentially $0.201. A drop below these support levels could significantly weaken the technical outlook, with the next major support level at $0.124, reinforcing the bearish trend.