The post HBAR Price Struggles with Mixed Momentum at Key Price Levels appeared on BitcoinEthereumNews.com.

Hedera (HBAR) price has been consolidating over the past few weeks, with a modest 3.8% increase in the last seven days. The token is striving to maintain its market cap above $11.5 billion as market momentum shows signs of weakening. While HBAR remains in an uptrend, mixed signals from technical indicators suggest the potential for either a continued rally or a reversal. Traders are watching closely to see whether HBAR can break above key resistance levels or if it will test lower support zones. Hedera Remains in an Uptrend, but a Shift May Be Near The Average Directional Index (ADX) for Hedera is currently at 35.9, reflecting strong trend strength, although slightly down from 37.7 a few hours ago. The ADX measures the strength of a trend on a scale of 0 to 100, with values above 25 indicating a strong trend and values below 20 signaling weak or absent momentum. The current level suggests that HBAR price is still experiencing a strong uptrend, though the slight decline in ADX hints at a potential easing in momentum. HBAR DMI. Source: TradingView The directional indicators provide additional context, with the +DI at 24.9, down from 38.2 two days ago, and the -DI at 15.1, up from 9.1 over the same period. This indicates that while buying pressure remains dominant, it has weakened significantly, and selling pressure is beginning to rise. If this trend continues, the uptrend may lose steam. HBAR could enter a consolidation phase or even a potential downtrend unless renewed buying activity strengthens the +DI and stabilizes the ADX. HBAR Ichimoku Cloud Shows Mixed Signs The Ichimoku Cloud chart for Hedera currently reflects a mixed setup. The price is trading near the red cloud, signaling a period of uncertainty as the market struggles to establish a clear direction. While…

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Filed under: News - @ January 5, 2025 10:19 pm