Hedera (Hbar) Price experienced a sharp decline, lowering more than 13% in the last 24 hours and 19% in last week. This slowdown lowered Hbar’s market capitalization to $ 9 billion, which made it lose the crucial threshold of $ 10 billion.
Technical indicators, including an increasing ADX and a downstream cloud configuration of Ichimoku, confirm the increase in the resistance of the current decrease trend. With a recent crossing of death forming on its EMA lines, Hbar is now faced with critical support levels. At the same time, any potential recovery should recover key resistance to reverse the current downward dynamics.
Hedera Adx indicates that the current downward trend is strong
The average directorate of Hedera (ADX) is currently at 43.3, a strong increase compared to 11.4 only three days ago. This significant increase suggests that the strength of Hbar’s current trend is intensifying.
The ADX indicator measures resistance to the trend without indicating direction, which means that it can apply to ascending and downward trends. Given the downward trend of Hbar, this increase in ADX reflects an increasing dynamic in the current price movement, strengthening the dominant lowering feeling.
ADX values vary from 0 to 100, with readings below 20 indicating a low or non -existent trend, while values greater than 25 indicate a strengthening trend. When ADX exceeds 40, it suggests a strong trend in place. With Hbar Adx now at 43.3, the downward trend seems to gain ground rather than weakening.
This could mean new downward pressure unless a significant change in purchase activity occurs. A high ADX in a downward trend often signals a strong bearish impulse, which makes it difficult to make the inverse price in the short term without a clear change in the structure of the market.
The Hbar Ichimoku cloud shows a downstream configuration
The Ichimoku cloud on the Hbar graph indicates a clear bearish trend. The price is currently negotiated below the cloud, which indicates a downward trend. In addition, the upcoming cloud is red, which suggests that the bearish momentum should continue. Tenkan-sen (blue line) is below the Kijun-Sen (red line), strengthening the lower-term lower structure.
Meanwhile, the Span Chikou (Green Line) is also lower than the action of prices, confirming the overall drop bias. The recent net drop and the low subsequent rebound indicates that sellers remain in control.
For the Hbar price to reverse its downward trend, it should recover the cloud and establish the support above. However, with the future cloud projected as a lowering and the price having not shown signs of a strong reversal, another decline remains likely.
If the sales pressure continues, Hbar may find it difficult to exceed resistance levels near the Kijun-Sen. On the other hand, a decisive push above the cloud could move the momentum, but for the moment, the configuration of the Ichimoku cloud promotes the movement of the decline.
Can Hbar prices: Can Hedera fall below $ 0.1 in February?
The recent Hbar price measures have taken a lower turn, its EMA lines forming a death cross in the last two days. This lowering crossing, where the short -term EMAs fall below the long -term EMA, indicates a potential continuation of the downward trend. If the sales pressure persists, Hedera Price could test its next key support at $ 0.125, a level that could determine if the additional drop is imminent.
A break below this support will open the door to deeper drops, $ 0.053 being the next major level of interest. Given the current structure, the bearish momentum remains solid unless a significant change in trend occurs.
However, if Hbar Price manages to regain his bullish momentum compared to previous months, recover $ 0.25 because support would be the first sign of force. A successful escape above this level could lead to a movement around $ 0.29, a key resistance which, if it were raped, would probably feed more upwards.
Beyond that, Hbar could try to recover levels above $ 0.30 and even push around $ 0.35, where stronger resistance would come into play. To make this scenario take place, Hbar would need a sustained purchase pressure and a reversal of trend indicators, because the current configuration always promotes the disadvantage.
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