The post Hedera Struggles Under $0.17 Despite Strong Support appeared on BitcoinEthereumNews.com.

Hedera (HBAR) is up more than 5% in the last 24 hours, showing signs of short-term relief after a rough start to April. Despite the bounce, technical indicators still point to a weak overall trend, with bearish EMA alignment and a flat ADX reading. Momentum remains uncertain, but bulls have managed to defend key support levels so far. Hedera Shows Early Signs of Bullish Shift, But Trend Still Weak Hedera’s DMI indicator shows its ADX at 19.8—slightly up from 18.49 two days ago but down from a recent high of 21.94 earlier today. The ADX (Average Directional Index) measures the strength of a trend, regardless of its direction. Values below 20 typically indicate a weak or consolidating market, while readings above 25 suggest a strong trend is developing. HBAR’s current ADX near 20 suggests momentum is still relatively soft, with no clear directional strength in place. HBAR DMI. Source: TradingView. Looking at the directional indicators, the +DI (Directional Indicator) has risen from 13.42 to 14.2, showing a slight increase in bullish pressure. Meanwhile, the -DI has declined from 19.89 to 17.15, indicating weakening bearish momentum. This narrowing gap between +DI and -DI may signal a potential shift in favor of the bulls, but with ADX still under 25, the trend remains unconfirmed. If +DI continues to climb and crosses above -DI, Hedera could attempt a short-term reversal—but for now, the market remains in a cautious, sideways phase. HBAR Enters Cloud Zone as Trend Momentum Stalls The Ichimoku Cloud chart for HBAR reflects a mostly neutral to slightly bearish trend. The price is currently trading below the Kijun-sen (red line) and very close to the Tenkan-sen (blue line), indicating weak short-term momentum and a lack of clear direction. Both lines are flat, which often signals consolidation and market indecision. HBAR Ichimoku…

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Filed under: News - @ April 17, 2025 9:22 pm