Hedera (HBAR) has made an impressive climb above $0.21 within the past 24 hours, although it is still striving to recover from a 40% correction in the last 30 days. Despite this recent bounce, technical signals suggest that bearish momentum remains predominant.

Recent ADX readings indicate that the current trend lacks significant strength, supported by the Ichimoku Cloud setup, which underscores the prevailing resistance. The EMAs continue to display a bearish structure, presenting key levels that could determine whether HBAR will successfully continue its recovery or face further downside risks.

Hedera's ADX currently stands at 23.2, slightly decreased from 27.4 the day before following a surge from 13.8 just four days ago. This fluctuation suggests that while trend strength has been building up, it is now showing signs of slowing down.

Measuring the overall strength of a trend, ADX values above 25 signify a robust trend, while values below 20 indicate weak or range-bound price movements. With Hedera's ADX at 23.2, it falls just below the threshold for a strong trend, signifying that although some momentum has been gained, a definitive uptrend shift has not yet materialized.

The Ichimoku Cloud chart for HBAR illustrates a bearish setup, with the price trading below the red cloud, indicating ongoing downward momentum. However, recent price movements above the purple Tenkan-sen show a short-term recovery attempt, but further confirmation is needed for a sustained trend shift.

HBAR's EMA lines reinforce a bearish outlook, with short-term moving averages positioned below long-term ones. The current proximity to a key support level at $0.17 suggests the possibility of a 42% correction towards $0.12 if this level is breached.

To challenge the existing bearish structure, sustained buying pressure is needed, potentially leading to a reversal and a bullish momentum resurgence aiming at resistance levels at $0.25, $0.35, and even $0.40, presenting a significant upside potential.