HEDERA (HBAR) has risen over $ 0.21 in the last 24 hours. However, he is still trying to recover from the correction of 40 % over the past thirty days. Despite this short -term recovery, technical indicators indicate that the declining momentum remains in control.
ADX readings indicate that the current trend lacks strength, while preparing the Ichimoku cloud promotes that the resistance remains dominant. As Emas continues to indicate a declining structure, HBAR faces the main levels that can determine whether to continue to recover or risk increasing the downside.
HBAR ADX shows that the current trend is not strong
ADX HEDERA is currently at 23.2, a decrease from 27.4 yesterday after it rises from 13.8 just four days ago. This last height, followed by a slight decline, indicates that the strength of the trend may increase, but now loses some momentum.
ADX measures the total strength of the direction, not its direction. While HEDERA tries to shift from the declining direction to a bullish direction, the current decline in ADX indicates that this transition has not been firmly established yet.
In order for the strong bullish trend to develop, ADX will need to stick to more than 25 years and continue perfectly in height.
The average trend index (ADX) evaluates the trend force on a scale from 0 to 100. Readings are above 25 to a strong direction, while values that are less than 20 indicate a weak price or related price.
HEDERA ADX on 23.2 puts it below the threshold of the strong direction, which means that although some momentum has arisen, it has not yet confirmed a final shift to the upward trend. If ADX begins climbing again and moves on 25, it may indicate that purchasing pressure is enhanced and that the reflection is gaining traction.
However, if it continues to decline, this may indicate that the last attempt to get out of the declining direction lose Steam, leaving HBAR vulnerable to more unification or even a renewed decrease.
HBAR Ichimoku Cloud offers a declining preparation
The Ichimoku Cloud scheme for HEDERA remains in a declining setting, as prices are traded under the red cloud. These signals continued to pass passive. The cloud (Kumo) is thick and is expected to remain red, indicating strong resistance in the future, indicating that the declining trend is still intact.
Tenkan-Sen (the transfer line) is now placed below Orange Kijun-Sen (the foundation line). This reflects the absence of a certain rise.
However, the price managed to climb over the purple tendan-Sen. This indicates a short -term recovery attempt, although it is still insufficient to confirm the trend.
SPAN Green Chikou is still much lower than the price and black, which indicates that the HBAR market is still facing homogeneous pressure from previous price procedures.
In order to reflect the meaningful direction, the price will need a fracture over the orange Kijun-Sen and the ultimately moving to the cloud, which reduces the impact of the declining momentum. If HBAR is able to bypass the cloud and its heart in green, it will indicate a potential shift towards a rise.
Until this happens, the Ichimoku setting indicates that HBAR is still struggling to gain strength. Therefore, any upward movement needs more confirmation before referring to continuous recovery.
HEDERA can drop another 42 % if the declining trend becomes stronger
HEDERA EMA lines suggest a decreased preparation, with short -term mobile averages below long -term lines. This enhances the continuous declining trend.
This alignment indicates that the pressure pressure remains dominant, which makes it difficult for HBAR to create a meaningful recovery unless the momentum turns. The price is currently near the main support level of $ 0.17. If this level is tested and lost, HBAR may face a deeper decrease of about $ 0.12, which is a potential correction of 42 % of the current levels.
As Emas continues to go below, any short -term tremor should be met with constant purchase pressure to challenge the current declining structure.
However, if the HEDERA price can reverse the direction and Emas begins in the short term in crossing over that long -term, it may regain the bullish momentum.
In this case, the first major viewing resistance is $ 0.25. If this level is broken, HBAR may continue to climb about $ 0.35.
HBAR’s continuous upward trend can pay $ 0.40, which was last seen in mid -January. It would represent 90 % of the current prices.
Disintegration
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