Hedera (Hbar) is under pressure, down 3.6% in the last 24 hours and 13.6% in last week. Its price is less than $ 0.21 and oscillates almost $ 0.185. The market capitalization fell below $ 8 billion, reflecting a feeling of weakening.
Momentum indicators like RSI and Bbtrend are lowered, and a possible Cross of Death EMA adds to the lower risk. Hbar is now at a key level where maintenance support could prevent new losses.
Hbar Momentum fades while Bbtrend holds under Zer
Bbtrend de Hedera fell to -8.88, becoming negative at the end of May 16 after maintaining a positive territory from May 11 to 16.
Since then, the indicator has always been lower, oscillating between -8 and -8.5 in the last day.
This sustained drop suggests that the bullish momentum has completely faded and Hbar is now increasingly dropped.
Bbtrend, or Bollinger Band Trend, evaluate the strength and management of price movements by analyzing to what extent the price deviates from its average compared to volatility.
Positive values generally indicate a bullish momentum, while negative values suggest lowering conditions. With Bbtrend de Hbar now deeply negative at -8.88, the token can enter a phase of weakening trend.
Unless the trend is reversed soon, this level indicates that Hbar could continue to face difficulties in breaking the resistance or finding a momentum upwards.
Hedera RSI does not hold recovery, is back in the lower area
RSI of Hedera is currently at 39, reflecting a loss of momentum after a brief attempted recovery. Two days ago, RSI hovered near the threshold of occurrence at 30.92, suggesting that Hbar had undergone high sales pressure.
He suddenly rebounded at 53.54 yesterday, briefly entered the neutral territory, but quickly dates back to 39 – lightning that the rebound was short -lived.
This type of volatility in the RSI often underlines a lack of conviction of buyers, sellers always dominating the short -term market.
The relative resistance index (RSI) is a momentum indicator which varies from 0 to 100, commonly used to assess whether an asset is exaggerated or occurred.
Readings greater than 70 suggest that the excessive conditions and potential of a withdrawal, while the values less than 30 imply that the assets can be occurred and ripe for a rebound. At 39, the Hedera RSI is in the lower territory – leading to the Surolon zone but also far from reporting a strong purchase pressure.
This level at mid, suggests the prudence of traders. Unless RSI can recover level 50 and hold, Hbar can continue to cope with a lower risk or stagnate without a clear tendency reversal.
Hbar faces a moment of makeup almost $ 0.185
Hedera Price is negotiated near a critical level of support at $ 0.185, its EMA lines reporting a potential death cross. In this case, the short -term mobile averages cross those below those in the long term, often associated with the start of a deeper drop trend.
If this lowering crossover occurs and the 0.185 support does not hold, Hbar could slide more at $ 0.169.
A ventilation below that would expose the token to additional losses, with $ 0.160 as the next major medium. If the sales pressure accelerates, a movement less than $ 0.160 cannot be excluded, especially in a sustained lower environment.
On the other hand, if Hbar manages to maintain above $ 0.185 and to avoid triggering the death cross, it could find a renewal of purchase interest.
A successful defense of support would open the door to a retest of the resistance level of $ 0.192.
A break could push Hbar to $ 0.202, and if the momentum is built, it can even reach $ 0.228.
Non-liability clause
In accordance with the Trust project guidelines, this price analysis article is for information purposes only and should not be considered as financial or investment advice. Beincrypto is committed to exact and impartial reports, but market conditions are likely to change without notice. Always carry out your own research and consult a professional before making financial decisions. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
