Hedera (HBAR) Stuck Below Key Resistance Amid Bearish Pressure

Hedera (HBAR) price is down more than 5% in the last 24 hours, pulling back after reaching levels close to $0.40 in mid-January. The DMI chart shows weak trend strength, indicating consolidation after a strong downtrend emerged two days ago.

Meanwhile, the Ichimoku Cloud signals a bearish outlook, with HBAR struggling to break above key resistance. If momentum shifts, a golden cross could spark a rally toward $0.35 and $0.37, while further downside may lead to a retest of $0.29 or even $0.25.

HBAR DMI Signals Uncertainty After Recent Downtrend

Hedera DMI chart shows its ADX at 15, fluctuating between 12 and 20 for the past eight days, indicating weak trend strength.

ADX measures the strength of a trend, with values below 20 signaling consolidation and above 25 suggesting a stronger directional move. With ADX staying low, HBAR’s trend lacks momentum, making its next move uncertain.

Currently, +DI is at 17.9, while -DI is at 22.4, down from 31.7 two days ago when HBAR dropped from $0.33 to $0.29. This suggests that bearish pressure is weakening, but the downtrend remains intact.

If +DI starts rising and crosses above -DI with a strengthening ADX, a reversal could begin. Otherwise, HBAR may continue struggling to find support, extending its downtrend.

Hedera Ichimoku Cloud Shows a Bearish Setting

The Ichimoku Cloud chart shows that HBAR price is currently trading below the cloud, indicating a bearish trend. The red cloud ahead suggests that resistance remains strong, making it difficult for HBAR to regain upward momentum.

Additionally, the price is struggling to break above the blue Tenkan-sen line, which is acting as a short-term resistance level.

If HBAR fails to reclaim the cloud, it may continue its downward movement, testing lower support levels. However, a breakout above the cloud could signal a potential trend reversal.

For now, the overall outlook remains bearish, with consolidation likely unless Hedera gains enough momentum to push through key resistance levels.

HBAR Price Prediction: A Potential 23% Upside?

HBAR price recently formed a death cross, signaling bearish momentum, and another one could be on the horizon. If this happens, HBAR may retest the $0.29 support level, which it reached a few days ago.

Losing this support could trigger further downside, potentially leading to a drop toward $0.25, marking a 16.6% correction.

On the upside, if HBAR reverses its trend, a golden cross could emerge, signaling bullish strength. A breakout above the $0.31 resistance level could open the door for a rally toward $0.35 and even $0.37, representing a possible 23% gain.