The HEDERA price has decreased by 5 % in the past 24 hours, with a total of 22 % in the past thirty days. The maximum market is now $ 8.5 billion. Technical indicators indicate that the declining momentum is still dominant, although the signs of potential transformation appear.
ADX explains that the continuous declining trend loses strength, while the Ichimoku cloud confirms that the sellers remain controlled at the present time. If HBAR is able to maintain its recovery and break the main resistance levels, the stronger upward trend may develop, but the failure to do this may lead to further decreases.
HBAR ADX shows that the declining trend is stable and not strong as before
HEDERA ADX is currently 23 years old, a decrease from 28.9 three days ago, and he remained less than 25 years old. This decline indicates that the strength of the ongoing trend is weakening, as sellers lost some momentum.
Since ADX measures the strength of the direction instead of the direction, the ADX falling in the declining direction indicates that the downward pressure slows down, although it is not reversed yet.
ADX values are less than 20 weak directions, while those that exceed 25 indicate a strong, fixed movement. With HBAR’s ADX on 23, the downward trend still exists but loses severity.
If ADX continues to decrease, the price procedure may turn towards monotheism rather than the additional negative acceleration. However, without pressure to buy HBAR stronger, the reflection of the clear direction remains uncertain.
Hbar Ichimoku Cloud shows a phone preparation, but this may change soon
The HBAR Ichimoku Cloud scheme displays a declining preparation, while the price of the price remains under the cloud.
The red cloud indicates that the landfill has dominated, and multiple attempts were rejected to move over it. Tenkan-Sen (blue line) is placed below the Kijun-Sen (Red Line), which enhances continuous weakness.
The expected cloud remains declining, as Senkou A (Green Line) extends below the Senkou Span B (red line), indicating continued declining pressure, although the distance between that time is narrowing.
Chikou SPAN (green backwardness) also reduces the previous price procedure, which confirms that the market structure still prefers sellers. Unless the HBAR buyers interfere with stronger momentum, the trend remains intact, and it is likely to be a declining continuation.
HBAR Price Procracy: Can Hedra recover $ 30 in February?
Hedra EMA lines show that short -term trends remain less than that long -term, which enhances the current decrease. This alignment indicates that the sellers are still controlling, while maintaining the descending pressure on the movement of prices.
If this declining trend is reinforced again, the HBAR price may decrease further, which is likely to test support at $ 0.179, which represents a 19 % decrease of current levels.
However, if the HBAR price can reflect this trend and gain bullish momentum, the resistance may challenge at $ 0.248.
The collapse above this level may lead to a stronger recovery, which causes the price about $ 0.32, which represents a 46 % increase. To confirm the shift in the direction, buyers will need to maintain momentum and create price procedures over the main resistance areas.
Disintegration
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