Hbar, the Hedera network of crypto native, recently attempted a recovery rally, but the price does not have the support necessary to maintain its momentum upwards.
With wider market clues that become a weakening of the lowering feeling and investors, Altcoin could face new price reductions, extending recent losses. The formation of a death cross can report additional difficulties in advance for Hbar holders.
Hedera faces a challenge
The exponential mobile averages (EMAS) for Hbar are approaching the formation of a death cross, a bearish indicator that could lower prices. A cross of death occurs when the 200 -day EMA crosses the EMA of 50 days, indicating that the moment of the wider market moves towards the decline. The last time it happened was in June 2024; Hbar has entered a prolonged downward trend that lasted five months and led to a significant drop in prices.
Currently, there is a difference of 13% before the 200 -day EMA exceeds EMA of 50 days. This suggests that the death cross becomes more and more likely. If this happens, the momentum could move even more in the negative, and Hbar could find it difficult to recover.
The feeling of investors is negative for most of this month. Although February saw a brief period of bullish activity, she quickly faded, leaving Hbar without significant support. This lack of conviction among investors is worrying, as it suggests that more upward movement can be difficult to maintain.
The prudent feeling of investors reflects the broader uncertainty of the cryptography market. If this model continues, Hbar could face additional opposite winds, further delaying its recovery. The inability to resume the momentum could keep the Altcoin stuck in a downward trend for an extended period, increasing the risk of investors.
The Hbar price is in difficulty
The Hbar price is currently negotiated at $ 0.187, moving in a downhill channel. Altcoin is approaching the level of critical support of 0.177, and it is likely that Hbar could test this support or potentially break into the near future. Failure to comply with $ 0.177 could report an additional risk for Altcoin.
If Hbar lost in the support of $ 0.177, the following key level to monitor is $ 0.154. This would represent a deeper drop and prolong the losses for investors, which could delay the recovery of the cryptocurrency. At this point, consolidation could become the most likely scenario, Hbar is struggling to take up the bullish momentum.
However, if Hbar manages to return $ 0.195 in the support and exceed $ 0.222, it could invalidate the lower perspectives and trigger an escape. Such a decision would transfer the trend towards recovery, offering hope for a sustained rally.
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