Hedera (HBAR) price continues to face resistance at $0.25, maintaining its bearish momentum. With a market cap of $8.7 billion, technical indicators suggest that further downside risks are on the horizon.
The ADX indicator confirms the strength of the current downward trend, while the Ichimoku Cloud and EMA structures hint at potential weakness. Without breaking key resistance levels, HBAR remains vulnerable to deeper corrections.
Hedera's DMI shows a slight easing of selling pressure, with the ADX at 41.1 indicating a strong bearish trend persisting. The +DI has increased to 12.8, while the -DI has dropped to 28, suggesting a possible consolidation phase before the next move.
The Ichimoku Cloud chart for HBAR paints a bearish picture, signaling continued downward pressure. The lagging span positioned below the price confirms the ongoing downtrend, with the possibility of further bearish continuation.
The EMA lines for Hedera indicate a bearish setup, with a death cross forming recently. If the downtrend continues, HBAR price could test support at $0.17 and potentially drop as low as $0.05, representing a 78% correction. Conversely, a breakout above resistance at $0.29 could signal a recovery towards $0.35 and possibly even $0.40 if bullish momentum strengthens.
Until a more bullish alignment of the EMAs occurs, the prevailing trend for HBAR remains bearish.