The HEDERA (HBAR) price tries to recover after a 40 % sharp correction in the last 30 days. While the declining trend is still intact, indicators indicate that the pressure pressure may be a mitigation.
Ichimoku Cloud and EMA lines are still displaying hippos, but the main resistance levels can lead to outbreak in the event of enhancement of momentum. If HBAR is able to restore the lost land, it may test $ 0.248 soon, while the additional downside remains possible if you lose support at $ 0.21.
HBAR DMI It appears that the downward trend can reduce
The HBAR DMI chart shows that ADX has risen to 19.3 out of 14.2 in the last two days, indicating the trend of reinforcement. ADX (average trend) measures trend strength on a scale from 0 to 100, with values less than 20 indicates a weak direction and above 25 indicates a stronger presence.
Since ADX is still less than 20 years old but rises, it indicates that HEDERA can settle, although he has not confirmed a strong directional step yet.
Looking at the direction indicators, DI +rose to 13.9 from 10.9 after decreasing from 22.4 three days ago, while -Di decreased to 19.4 from 22.3. This indicates that the pressure pressure is abandoned while buying the momentum slowly.
However, with -Di is still above +Di, the declining trend remains intact. If +Di continues to rise and crosses above -DI, it may indicate the reflection of the direction, but at the present time, HBAR needs a stronger purchase momentum to shift from the drop stage.
The Hedra Ichimoku cloud shows a continuous declining preparation
The Ichimoku cloud of HBAR shows the price currently being traded under the cloud, indicating a declining direction. The cloud itself is red and expected forward, indicating the potential resistance forward.
Kijun-Sen and the Tincan-Sen are flat, indicating poor momentum. To get the reflection of trend, the price will need to break the cloud, which is currently about $ 0.23.
The delay period (Chico extends) is still less than the price movement, which confirms that the declining momentum is sound. However, a simple price recovery indicates an attempt to restore strength.
If you broke the Hedra over Tenkan-Sen and Kijun-Sen, this may challenge the lower edge of the cloud. Rejection at this level may lead to more from the negative side, while a successful collapse above the cloud will be a strong upward sign.
HBAR Prediction: Will Hedra drop to less than $ 0.2?
The Hedra PRICE chart shows short -term EMA lines trading without long -term lines, which confirms the declining direction. If the declining direction continues, HBAR can test the support level of $ 0.21, and the loss of this can push it to more of $ 0.179.
The pressure pressure remains dominant, which makes these levels decisive to the defense.
On the upper side, if the HBAR price can reflect its direction, then the following resistance to watch is $ 0.248. The collapse above this level may strengthen the bullish momentum, which is likely to send the price to $ 0.32, which is its highest level since late January.
However, in order for this, HBAR needs a strong transformation in momentum and increased purchase pressure.
Disintegration
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