The post Hedera’s HBAR Faces Possible Downturn Below $0.30 Amid Weak Trend Indicators appeared on BitcoinEthereumNews.com.

Hedera (HBAR) is currently facing significant downward pressure, having lost 37% of its value over the past month amidst unfavorable market conditions. This persistent decline has positioned HBAR below the critical threshold of $0.30, raising concerns over its ability to regain bullish momentum. “If the current support at $0.177 fails, we could see HBAR plummet to around $0.125,” warned a market analyst from COINOTAG. Hedera (HBAR) struggles below $0.30, risking further drops as market trends indicate bearish conditions. Key support at $0.177 is pivotal for future moves. Hedera DMI Shows the Lack of Clear Direction HBAR’s Directional Movement Index (DMI) reveals an Average Directional Index (ADX) currently sitting at 13.5, a drop from 17.4 observed the previous day. The ADX helps assess trend strength and, when below 20, indicates a generally weak market situation that lacks defined directional movement. This decline in the ADX points toward a diminishing downtrend momentum for Hedera, suggesting the potential onset of consolidation or a sideways market rather than a continuation of aggressive declines. HBAR DMI. Source: TradingView. Furthermore, the positive Directional Indicator (+DI) stands at 18.2, down from 28.2 two days prior, while the negative Directional Indicator (-DI) has fallen to 20 from 31. The downward pressure on both indicators suggests that while selling pressure is steeping, buying interest has not materialized strongly enough to halt the decline. Given that the -DI remains above the +DI, Hedera continues to be classified under a downtrend. However, the narrowing gap between the two hints that selling pressure could be reducing. A potential shift could occur if the +DI rises above the -DI, indicating a possible trend reversal. HBAR Ichimoku Cloud Paints a Negative Picture The Ichimoku Cloud analysis for HBAR presents a decidedly bearish outlook. The asset is trading beneath the red cloud (Kumo), which historically…

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Filed under: News - @ February 27, 2025 12:23 am